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Geron Corporation

U.S. Stock Futures Fall Before GDP -2-

U.S. stock market futures fell Friday as investors grew cautious ahead of an initial reading on U.S. growth data, due later. Earnings from Chevron Corp. and D.R. Horton Inc. are among those due ahead of the bell.Futures for the Dow Jones Industrial Average fell 35 points, or 0.2%, to 14,618, while those for the Standard & Poor's index fell 5.5 points, or 0.4%, to 1,576.20. Futures for the Nasdaq 100 index fell 11 points, or 0.4%, to 2,833.Economists polled by MarketWatch are expecting first-quarter annualized growth of 3.2%, up from just 0.4% in the final three months of 2012. But those analysts also say that initial GDP data can also be deceiving, painting an exaggerated portrait of the economy. That data is due at 8:30 a.m. Eastern time.Analysts at Deutsche Bank said in a note that as that data will see three revisions this year, the "best approach is to focus on the general mix in economic output -- meaning the balance between private final domestic demand, which is defined as real ...

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