Futures dip on manufacturing data

NEW YORK (AP) ? Stock futures are falling after the U.S. reported declining orders for durable goods, excluding volatile transportations sales.

It was the fourth decline in five months, a sustained drag in the nation's manufacturing sector.

Dow Jones industrial futures are down 19 points to 13,019. The broader S&P futures have given up 3.5 points to 1,396.50. Nasdaq futures are down 5 points to 2,756.

The Commerce Department said Friday that orders for durable goods rose a seasonally adjusted 4.2 percent in July. Excluding transportation goods, orders dropped 0.4 percent.

Bucking the downward trend is drugmaker Eli Lilly, which jumped more than 8 percent in premarket trading. Lilly's treatment for Alzheimer's disease showed statistically significant slowing of cognitive decline, even though it failed in other aspects of the study.

Source: http://news.yahoo.com/futures-dip-manufacturing-data-130633568--business.html

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