Barbara
User Platinum Boarder
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U.S. Stock Futures Slide as Rescue Plan Stalls - 2008/09/26 20:37
Hi traders!!! This weekend won't be good for American markets, since the US Congress is not willing to approve so easily the rescue plan of President Bush. Let's keep an eye on this.
U.S. stock-index futures tumbled after the government's $700 billion financial rescue plan stalled in Congress and Washington Mutual Inc. was seized in the largest bank failure in the nation's history.
Futures indicated the Standard & Poor's 500 Index will erase most of yesterday's advance and extend its weekly decline of 3.7 percent. The benchmark for American equities had climbed for the first time in four days yesterday as speculation grew that Congress would reach agreement on the bank bailout plan.
S&P 500 futures expiring in December sank 25.5, or 2.1 percent, to 1,188.1 at 8:49 a.m. in New York. Dow Jones Industrial Average futures declined 193, or 1.8 percent, to 10,825. Nasdaq-100 Index futures dropped 46.5, or 2.8 percent, to 1,633.5.
Have a nice weekend, guys!
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