Futures Market News
Stock futures continue losing ground this week
Aug 25, 2010 04:53 PM
Investors are clearly wary of any further economic setbacks this week, in light of Wednesday stock futures that were once again trending firmly downward.
In mid-morning trading on Wednesday, stock futures on the Dow Jones Industrial Average were down by a relatively modest 32 points to 9,991 - which also happens to be just below the psychologically important 10,000 barrier.
Elsewhere, futures on the S&P 500 and the NASDAQ 100 were also both down by less than 10 points on Wednesday morning. Mexico's Bolsa futures were down 92 points, while Brazil's Bovespa exchange saw the largest drop in the Americas region on Wednesday, losing 330 points.
Investors on other continents weren't particularly optimistic either, judging from Wednesday morning's stock future activity. All major European exchanges were down at least slightly, with futures on the IBEX 35 and the FTSE MIB posting the most significant declines of a respective 203 and 323 points.
The week's biggest financial news will most likely turn out to be Tuesday's highly unfavorable report on home sales. However, investors are also going to be watching new data closely on Wednesday from the U.S. government for durable goods and residential home sales, neither of which were expected to be particularly strong.
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