Reply #21: Stocks to plunge on London attacks

[UpInArms]

http://www.marketwatch.com/news/story.asp?guid=%7BCFC7F216%2D4947%2D464C%2DAD1B%2D5A98ED538A28%7D&siteid=mktw

NEW YORK (MarketWatch) - U.S. stocks are set for a sharply lower opening, and sustained selling throughout the session is likely, following news of a series of deadly terrorist attacks in central London.

In recent trades, futures contracts for the Dow Jones Industrial Average, S&P 500 and the Nasdaq 100 were all pointing to a sharp drop in prices at the opening. However, the contracts were off their worst levels.

Dow futures were last down 127 points at 10,161, having earlier touched a low of 10,140.

Nasdaq 100 futures lost 19 to 1,488 and the S&P 500 futures fell 14 to 1,184.

Major European indexes lost at least 3% immediately after the news broke, but had since recovered some of those losses. See European Markets.

...more...