mrcash
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U.S. Stock Futures Fall - 2008/10/21 19:08
Hey guys, after a sucessful week, U.S. stock-index futures slid after Texas Instruments Inc., the second-largest U.S. semiconductor maker, predicted earnings that trailed analysts' estimates and Sun Microsystems Inc. said sales fell short of estimates.
Futures indicated that stocks may retreat after a drop in money market rates and Federal Reserve Chairman Ben S. Bernanke's endorsement of an economic-stimulus package pushed the Standard & Poor's 500 Index up 9.6 percent since the beginning of last week. At least 139 S&P 500 companies will report third-quarter earnings this week, including Apple Inc., Caterpillar Inc. and McDonald's Corp.
S&P 500 futures expiring in December lost 7.4, or 0.7 percent, to 983 at 12:18 p.m. in London. Dow Jones Industrial Average futures slid 70, or 0.8 percent, to 9,247. Nasdaq 100 Index futures fell 21.5, or 1.6 percent, to 1,338.5.
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