Reply #4: U.S. Stock-Index Futures Drop; Apple Retreats, Financial Shares May Move

[Pale Blue Dot]

U.S. stock futures retreated, signaling that the Standard & Poor’s 500 Index may decline for the fifth time in six days.

Financial shares may be active after Goldman Sachs Group Inc. downgraded the industry to “neutral.” Apple Inc. (AAPL), the maker of the iPhone and iPad, retreated 1 percent.

S&P 500 Index (SPX) futures expiring in June fell 0.4 percent to 1,303.3 at 10:45 a.m. in London. Dow Jones Industrial Average futures fell 0.3 percent to 12,160. Nasdaq-100 Index futures dropped 0.4 percent to 2,298.75.

“Clearly equity markets have a lot of headwinds at the moment, whether it’s the ongoing risk in Japan, high price of oil, or more importantly some downward revision in corporate earnings outlook,” Bob Parker, a London-based senior adviser at Credit Suisse Asset Management, said in an interview on Bloomberg Television.

http://www.bloomberg.com/news/2011-04-14/u-s-stock-index-futures-drop-apple-retreats-financial-shares-may-move.html