REUTERS: U.S. stock index futures struggled for direction on Thursday as a clutch of earnings reports again pointed to a slowing global economy, while holding up in the face of already reduced expectations.
Facebook gained 1per cent after the social media giant reported quarterly revenue that beat estimates, but said new rules and product changes aimed at protecting user privacy would slow its revenue growth into next year. Overall earnings, however, are now expected to fall 0.1per cent, compared with a prior estimate of a rise of about 1per cent.Hopes that major central banks would take monetary measures to impede the impact of a protracted U.S.-China trade war has helped Wall Street's main indexes hit record highs this month.
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