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Reply #5: Stock futures drop on economy worries, Europe [View All]

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Pale Blue Dot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 06:11 AM
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5. Stock futures drop on economy worries, Europe
FRANKFURT (MarketWatch) Worries about global-growth prospects and the ability of European leaders to rein in the euro zones debt crisis weighed down U.S. stock-index futures on Wednesday, pointing to a lower start for Wall Street after five losing sessions.

Futures on the Dow Jones Industrial Average DJ1Z -0.46% fell 96 points to 11,351. S&P 500 Index SP1Z -0.66% futures dropped 10.4 points to 1,172.40, while Nasdaq 100 futures ND1Z -0.50% dropped 15.75 points to 2,198.50.

Trading may be thin ahead of the Thanksgiving Day holiday on Thursday, analysts said.

A report in Belgiums De Standaard newspaper that a previously agreed Franco-Belgian bailout of troubled lender Dexia SA BE :DEXB +8.37% was proving unworkable sparked a selloff in U.S. stock-index futures during Asian trading hours, analysts said, while serving to undercut overall risk appetite.

http://www.marketwatch.com/story/stock-futures-drop-on-...
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