Before the bell: Investors concerns return; stock futures lower
Posted by: in Stocks Money NewsFiled under: Before the bell, Forecasts, Nokia Corp. (NOK), Federal Natl Mtge (FNM), Economic data, Federal Reserve
U.S. stock futures indicated a lower open this morning as once again worries about the economy and mortgage crisis became the focus on Wall Street.
Yesterday, U.S. stocks ended lower, with financial and technology stocks leading the decline. The Dow industrials lost 57 points, or 0.43%, the S&P 500 fell 8 points, or 0.59%, and the Nasdaq Composite lost 23 points, or 0.9%.
There are no economic indicators due today, so likely the market will continue to pay close attention to the lingering problems in the credit market and, state of the U.S. economy and how it could impact global economies.
San Francisco Fed President Janet Yellen said Monday that following recent developments, she now expects a bigger slowdown than the Fed had originally forecast in its last policy meeting in October. Boston Fed president Eric Rosengren offered a bleak forecast for the housing sector, saying he was worried foreclosures would worsen.
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