Filed under: Before the bell, International markets, Deals, Law, Berkshire Hathaway (BRK.A), Market matters, Citigroup Inc. (C), Economic data, Housing

Wall Street seems bent on finishing 2007 on a high note and after yesterday’s big selloff following Pakistan’s former prime minister and opposition leader Benazir Bhutto’s assassination, futures are up this morning, indicating U.S. stocks could start higher.

Yesterday, U.S. stocks tumbled on the assassination news — fearing further unrest in one of U.S.’s allies in its war on terror in Afghanistan and due to weaker-than-forecast rise in durable-goods orders. The positive consumer confidence report couldn’t offset the news. The Dow industrials dropped 192 points, or 1.42%, the Nasdaq Composite fell 47 points, or 1.75%, and the S&P 500 lost 21 points, also 1.42%.

News that could be moving the market this morning include talk of big bank asset sales and later some data that is due out:

Continue reading Before the bell: Futures higher following bank news, ahead of housing data

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This entry was posted on Friday, December 28th, 2007 at 2:20 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.