Wall Street Futures Edge Lower On Euro Worries

Published January 11, 2012 1:18PM (EST)

NEW YORK (AP) — U.S. stock futures are edging lower as worries about a recession in Europe are outweighing hopes that the U.S. economic recovery will gather steam and help corporate earnings.

Dow Jones industrial futures are down 26 points, or 0.2 percent, to 12,363. Futures for the broader S&P 500 index are down 0.3 percent to 1,283. The Nasdaq composite is down slightly at 2,356.

Stocks have been largely buoyant since U.S. jobs data last week showed an increase in hiring. That optimism is in a tug of war with Europe's dark outlook.

New figures Wednesday implied Germany's economy contracted slightly in the fourth quarter. The European Commission also said Hungary has taken "no effective action" to contain its deficit.

European markets mostly fell Wednesday. Asian markets closed mostly higher.

By Salon Staff

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