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Futures down ahead of State of the Union address

Futures down ahead of State of the Union address

(AP) Futures down ahead of State of the Union address
NEW YORK
Futures are down in light trading ahead of President Barack Obama’s State of the Union address, where the economy will take center stage.

Dow Jones industrial futures are down 4 points to 13,920. The broader S&P futures have lost 1.1 points to hit 1,512. Nasdaq futures are down 4.25 points to 2,766.25.

The unemployment rate ticked up a tenth of a point to 7.9 percent last month and though job growth continues, Obama is expected to introduce new job proposals in an attempt to accelerate the economic recovery.

On Tuesday, Coca-Cola said that profit rose 13 percent and global sales volume rose 3 percent, outpacing its flagship U.S. market, which rose 1 percent.

Many investors are awaiting the release of January retail sales numbers, which are due on Wednesday.

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