Stocks Poised to Take Heavy Losses
Eftychis | 22 01 2008If you're a first time visitor, you may want to subscribe to our RSS feed, which will keep you up to date with all the latest New School Politics posts. Thanks for visiting!
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
U.S. stocks looked set to enter a bear market Tuesday, with stock futures pointing to losses of roughly 5% after two days of relentless selling pressure in overseas markets on fears over a U.S. recession.
Less than two hours before the start of trading, Dow Jones Industrial Average futures dropped 516 to 11590. The S&P 500 futures sank 63.8 to 1261.5, and Nasdaq 100 futures fell 77.25 to 1772.25. Changes in futures do not always accurately predict early market moves after the opening bell.
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For the best coverage of the global recession I suggest the Financial Times, the Wall Street Journal, and Bloomberg for up to date information and accurate analysis.
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