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Futures head lower to kick off a busy week

July 29, 2013

NEW YORK (AP) — U.S stock futures are declining ahead of a big week of economic indicators, including the latest statement from the Federal Reserve and the jobs report for July from the Labor Department.

On top of events already on the schedule, the parent of Lord & Taylor announced early Monday that it would buy the luxury retailer Saks for about $2.4 billion.

Dow Jones industrial futures are down 29 points to 15,469. S&P futures have lost 3.8 points to 1,682.80. Nasdaq futures are down 5.5 points to 3,065.

The National Association of Realtors issues its June index of pending home sales Monday, the S&P/Case-Shiller home-price index arrives Tuesday, followed by the Fed’s two-day policy meeting, which ends on Wednesday.

Companies posting earnings this week include Sprint, Kellogg, Pfizer, LinkedIn and Exxon Mobil.

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