danierusan111
User
Platinum Boarder
| Posts: 100 |   |
Karma: 2
|
U.S. Stock-Index Futures Retreat - 2008/11/13 19:30
Hi guys. This has been a bad week for American markets, and there are no signs to recover the losses of previous days... 
U.S. stock-index futures fell as Wal-Mart Stores Inc., Intel Corp. and National Semiconductor Corp. slashed profit or sales forecasts and the OECD cut its estimate for global growth next year.
The Standard & Poor's 500 Index's three-day slump has left the benchmark for U.S. equities within 0.5 percent of a five- year low. Stocks tumbled yesterday as the Treasury's plan to use bailout funds to shore up consumer lending and Best Buy Co.'s warning of a ``seismic'' slowdown in spending yesterday stoked concern the credit crisis is far from over.
Futures on the S&P 500 expiring in December retreated 0.9 percent to 846.1 at 11:26 a.m. in London, after earlier rising as much as 1.2 percent on speculation the Federal Reserve may cut rates to spur economic growth. Dow Jones Industrial Average futures lost 0.8 percent to 8,211. Nasdaq-100 Index futures declined 1.7 percent to 1,143.25 on Intel's results.
|
Traders Forum 
