Thu Dec 20, 2012, 10:36 PM
moobu2 (4,822 posts)
Stock futures plunge 200+ points on GOP
U.S. stock futures plunge as GOP ditches 'Plan B'
By Michael Kitchen
LOS ANGELES (MarketWatch) -- U.S. stock-index futures dropped sharply late Thursday on news that a Republicans had cancelled a vote on their back-up measure to prevent the end of the Bush tax breaks for those earning $1 million or less. A little more than half an hour after House Speaker John Boehner said he was killing the vote due to lack of support, the Dow Jones Industrial Average futures were down 1.5%, the S&P 500 futures were 1.4% lower, and Nasdaq futures were off 1.3%. The cancelation appeared to signal dissent in the Republican ranks, reducing the odds on a timely deal to avert the fiscal cliff of austerity measures due to take place at the start of the new year. The news also hit Asian markets trading at the time, with Hong Kong stocks falling and Japanese shares coming off their earlier highs.
4 replies, 1034 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Stock futures plunge 200+ points on GOP (Original post)
Response to NewJeffCT (Reply #2)
Fri Dec 21, 2012, 12:00 AM
customerserviceguy (17,273 posts)
4. Won't happen
Any Rethugs who side with the President are going to be primaried. And while the tea party cannot always win a general election, they've been remarkably successful during primary season in most states. They damned near defeated Mittens, its just that there were way too many little dickheads to gain a majority of the support of the teahadists, and Romney was able to play divide and conquer.