”Despite the bad news the market is confused,” says Crisis Strategy Alert senior analyst Charles Delvalle.
On Monday the futures were down over 80 points. Yet somehow, the market ended the day in the green.
More tough news for U.S. jobs… what you need to know in today’s BLS employment report…Dow setting records left and right… two historic looks at just how lousy 2009 has been…Chris Mayer on the next megatrend… far bigger than the current crisis…Chuck Butler explores “a strange thing happening in currencies”…Plus, a reader exposes our “simple-minded,” “right-wing babbling” for what it is… at last…
Worries rise that stimulus package could be held up… Ford stock rises after quarterly results… Initial jobless claims on tap… S&P 500 futures off 6.70 points, Dow futures off 52 points, Nasdaq futures off 4.75 points…
Worries over the economy and corporate earnings weigh… Focus on inauguration of President-elect Barack Obama… S&P 500 futures off 1.5 pct, Dow futures off 1.1 pct, Nasdaq futures off 1.2 pct
Fed sets target for buying mortgage-backed securities… Initial jobless claims fall more than expected… S&P 500 futures up 0.4 pct, Dow futures up 0.2 pct, Nasdaq futures off 0.3 pct
U.S. markets tumbled Friday as a global sell-off spread from Asia and Europe, as fears of a worldwide recession intensified.
“Monumental beating” is how MarketWatch is calling it this morning for U.S. stocks.
U.S. stock futures pointed to another monumental beating on Friday – with leading contracts falling as much as rules allow — as a plunge in Asia reignited concerns about the health of the global economy.
S&P 500 futures dropped 60 points to 855.20 and Nasdaq 100 futures fell 85 points to 1,168.50. Dow industrial futures fell 550 points.
All three contracts fell so much that they reached pre-specified limits that can’t be broken until pit trading opens.
Thursday’s session for U.S. stocks was erratic but generally positive, with the Dow Jones Industrial Average closing 172 points higher and the S&P 500 rising 11 points, though the Nasdaq Composite slipped 11 points.
