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PepsiCo Outperforms as Dow Is Poised for Early Losses

Roland Head
February 14, 2013

LONDON -- Stock index futures at 7 a.m. EST indicate that the Dow Jones Industrial Average (INDEX: ^DJI) may open 0.45% lower this morning, while the S&P 500 (INDEX: ^GSPC) may open 0.4% lower. CNN's Fear & Greed Index remains in "extreme greed" territory after closing at 88 yesterday.

Today's weekly jobless-claims data, due at 8:30 a.m. EST, is expected to show a slight improvement on the previous week, with claims falling from 366,000 to 360,000. However, any improvement here could be overshadowed by news that both Europe and Japan remain in recession. Eurozone GDP fell by 0.6% in the final quarter of 2012, while in Japan, GDP fell by 0.1% over the same period.

Corporate earnings may provide some good news, with se