A dour mood among investors carried over into Tuesday’s stock futures, which were down to varying degrees in many parts of the world.
Stock futures on the Dow Jones Industrial Average were down 102 points on Tuesday morning, while the NASDAQ 100 was down 30.50. Some of the decline in investor sentiment may due to widespread expectations that Tuesday’s expected report on housing sales will be lackluster at best.
On Monday, there was brief optimism among investors based on some significant merger and acquisition activities that could unfold in the coming months. However, such sentiments gave way to worries about the economy at large as Monday’s trading progressed, and things have shown little sign of improving on Tuesday.
Negative sentiments were reflected on stock exchanges throughout the world Tuesday. For example, Mexico’s Bolsa exchange was down 227, while Brazil’s Bovespa was down 689.
Asian investors were also feeling doubts about the prognosis for the economic recovery. In Japan, futures on the Nikkei were down 130 while Hong Kong’s Hang Seng index was down 289. Looking ahead, investors may need some substantial good news before their positive outlook returns.
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