Wednesday, March 14, 2012

Stock Futures Fall After Tumble Last Week

Stock futures are lower as investors brace for potentially more bad news from some of the nation's banks amid the continuing credit crisis. Last week, the Dow dropped 4.06 percent and the S&P 500 tumbled 3.71 percent. The technology-focused Nasdaq, which often trades with more volatility, plunged 6.49 percent.

Asian markets fell sharply today after Wall Street declined at the end of last week on renewed concerns about U.S. mortgage problems. European markets, however, were mixed.

Trading is expected to be light because of Veterans Day, with the government bond markets closed. This also could lead to higher volatility as institutional traders take positions …

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