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Stock futures edge lower in quiet trading
Stock futures point to lower open ahead of release of Fed minutes; Netflix falls
Associated Press
2014-02-19 11:01 PM

NEW YORK (AP) -- U.S. stock futures were lower shortly before the market opened Wednesday as investors wait to hear from the Federal Reserve.

The Dow Jones industrial average futures were down 31 points to 16,076 as of 9:05 a.m. Eastern time. The Standard & Poor's 500 index futures fell five points to 1,832 and the Nasdaq futures slipped four points to 3,671.

The agenda during Wednesday's trading session is light. Investors will get the minutes from the Federal Reserve's January policy meeting at 2 p.m. (1900 GMT). At the January meeting, the Fed voted to pull back further on its bond-buying program that has pushed down long-term interest rates and lifted the stock market. It was also the last meeting led by Fed Chairman Ben Bernanke.

Netflix was down 1.5 percent in pre-market trading. The company is reportedly in a dispute with Verizon Communications and other telecom companies over the cost of carrying Netflix's content through their networks. Netflix is one of the biggest users of Internet bandwidth in the U.S., and it usage continues to grow as more high-definition content is available to consumers. Verizon and other Internet providers want Netflix to pay more to use their network, according to The Wall Street Journal and others. Shares of Verizon were down 1 percent in pre-market trading as well.

Private equity giant the Carlyle Group was up 7 percent in pre-market trading after the company reported earnings that easily topped analysts' estimates. The company also increased its quarterly dividend.

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