To: Kenneth E. Phillipps who wrote (88252 ) 7/28/2010 9:17:29 AM From: Hope Praytochange 1 Recommendation Respond to of 224755 Stock futures fell after another disappointing economic report called into question the pace of recovery. This time the Commerce Department's durable goods orders report indicated growth is slowing. Orders for goods expected to last at least three years fell 1 percent last month, well short of the 1 percent gain that economists polled by Thomson Reuters had forecast. Orders dipped 0.6 percent when the volatile transportation sector was excluded. Economists had expected a small gain without those orders. Investors have been trying in recent weeks to balance strong earnings and corporate outlooks with economic data that isn't as rosy as forecasts being provided by company executives. A bigger-than-expected drop in consumer confidence Tuesday helped push stocks mostly lower even though there was another batch of strong earnings. Economic data has largely shown a recovery is slowing and growth will remain weak. The Federal Reserve is set to release its beige book report later Wednesday, which provides a regional snapshot of the economy. Cautious words from Fed chairman Ben Bernanke last week led to a sell-off in stocks. He called future growth "uncertain," which worried investors who look to Bernanke for reassurances that a rebound is under way. Ahead of the opening bell, Dow Jones industrial average futures fell 32 to 10,462. Standard & Poor's 500 index futures fell 3.20 to 1,107.70, while Nasdaq 100 index futures fell 3.50 to 1,883.00. The Dow's four-day winning streak is in jeopardy. It eked out a 12 point advance Tuesday thanks to strong earnings from chemical maker DuPont Co., a component of the index. Broader indicators all dipped after another disappointing report showed consumer confidence is weakening. Earnings were more mixed on Wednesday. Boeing Co. said its profit slipped from a year ago, but results still topped expectations. The airplane maker also didn't adjust its outlook, something that has regularly helped companies' stock in recent days.