Wall Street Heads for Lower Opening
U.S. stocks headed for a moderately lower opening Wednesday after concerns about faltering subprime mortgage lenders sparked a broad selloff in stocks Tuesday.
While futures moved lower Wednesday, they didn't indicate the free fall would continue, at least at the opening of trading, despite declines of more than 1 percent in major stock indexes in Europe and Asia.
Dow Jones industrials futures expiring in June fell 29 points, or 0.24 percent, to 12,160. Standard & Poor's 500 index futures declined 2.50, or 0.18 percent, to 1,389.40, while Nasdaq 100 index futures fell 3.00, or 0.17 percent, to 1,741.25.
While futures moved lower Wednesday, they didn't indicate the free fall would continue, at least at the opening of trading, despite declines of more than 1 percent in major stock indexes in Europe and Asia.
Dow Jones industrials futures expiring in June fell 29 points, or 0.24 percent, to 12,160. Standard & Poor's 500 index futures declined 2.50, or 0.18 percent, to 1,389.40, while Nasdaq 100 index futures fell 3.00, or 0.17 percent, to 1,741.25.
posted by Stock Administrator @ 7:28 AM
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