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News » Money
May 21, 7:53 AM EDT

US stock futures slip as JP Morgan shareholders meet; markets search for hints from Fed

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Summary Box: Stocks turn higher after reassuring words from Fed official; Dow and S&P climb

Best Buy, Carnival, Saks, Beazer Homes, Clearwire are big market movers on Tuesday

How the Dow Jones industrial average and other major indexes fared Tuesday
Best Buy reports 1Q loss on restructuring costs, adjusted earnings beats expectations

UK luxury goods company Burberry's profit hit by end of perfume licensing deal

Home Depot 1Q profit rises thanks to housing recovery; raises 2013 profit, revenue forecasts
United Technologies CEO optimistic about improving economy, airline industry

Airlines losses narrowed in 1Q to $552M; lobbying group predicts pickup in summer travel
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NEW YORK (AP) -- U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress.

Dow Jones industrial futures slipped 4 points to 15,315. S&P futures have given up 1.1 points to 1,663.50. Nasdaq futures are up 1.75 points to 3,019.25.

Wall Street will also be keeping an eye on J.P. Morgan's annual meeting, where shareholders will vote whether to split the CEO and chairman positions held by Jamie Dimon.

Dimon has been under scrutiny since a huge trading loss last year shook confidence in the oversight structure of the nation's largest bank.

Bernanke goes before Congress on Wednesday and minutes will be released from the most recent U.S. Federal Reserve policy meeting.

Home Depot beat Wall Street expectations in its most recent quarter Tuesday.

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