Author: Elena Todorova
123jump.com
Last Update: 9:15 AM EDT June 27 2007
U.S. stock futures moved to the downside Wednesday, weighed down by an unexpectedly steep decline in durable-goods orders in May. However, better-than-forecast earnings from Nike Inc. and Oracle Corp. bucked the downward trend. Nike jumped 5% in pre-open trade after posting a 32% profit rise and the fastest growth in orders in the last four years. Oracle gained 0.5% after reporting a 23% profit rise in Q4, helped by acquisition deals.
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