Futures drop on euro zone worry (Reuters)

By admin on September 6th, 2011

A trader works on the floor of the New York Stock Exchange August 19, 2011. REUTERS/Lucas JacksonReuters – Stock index futures fell on Tuesday, putting the S&P 500 on track for a third straight decline, on renewed fears the euro zone’s sovereign debt crisis was worsening, and tracking a slump in European stocks.


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A man walks by an electronic stock board at a securities firm in Tokyo,Thursday, Sept. 1, 2011. Asian stocks climbed Thursday following gains on Wall Street that were driven by positive manufacturing data and hopes that the Federal Reserve may to unveil another round of stimulus. (AP Photo/Koji Sasahara)AP – Asian stock markets mostly fell Friday after a decline on Wall Street and ahead of the release of closely watched U.S. employment figures.


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Time.com – The Dow Jones industrial average was down 500 points in mid-morning trading, as investors once again have that “here we go again” feeling in the pit of their stomachs. So what’s driving the stock market today?

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Traders work on the floor of the New York Stock Exchange, August 16, 2011. REUTERS/Brendan McDermidReuters – The Nasdaq briefly fell below 1 percent on Wednesday, pressured by a decline in Dell shares a day after the computer maker’s quarterly revenues came in below estimates and it forecast flat current-quarter sales.


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The Dow Jones industrial average gained 429.92 points, or 3.98 percent, to end at 11,239.77. REUTERS/GraphicReuters – Fear returned to Wall Street on Wednesday, sending the S&P 500 to another 4 percent decline, triggered by worries that Europe’s debt crisis could engulf French banks and spill onto the U.S. financial sector.


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AP – The turmoil on Wall Street has hit the nation’s largest public pension fund, which lost about $18 billion off the value of its stock portfolio from July 1 until Tuesday’s market rebound.

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Traders work on the floor of the New York Stock Exchange August 8, 2011. REUTERS/Brendan McDermidAP – World stock markets stabilized Tuesday after a day of dramatic plunges as futures pointed to a measure of calm returning to Wall Street following the Dow’s sixth-worst decline in the last 112 years.


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Pedestrians are reflected on the glass of stock indicators in downtown Tokyo on Friday Aug. 5, 2011. Asian stock markets are tumbling amid fears the U.S. may be heading back into recession and Europe's debt crisis is worsening. (AP Photo/Kyodo News) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, FRANCE, HONG KONG, JAPAN AND SOUTH KOREAAP – Global stock markets tumbled Friday amid fears the U.S. may be heading back into recession and Europe’s debt crisis is worsening. The sell-off follows the biggest one-day points decline on Wall Street since the 2008 financial crisis.


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