Futures Open Lower as US Debt Panel Eyed

Sunday, 20 Nov 2011 06:18 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

NEW YORK (Reuters) - U.S. stock index futures opened lower Sunday, with Dow Jones and S&P 500 futures briefly dropping more than 1 percent, as a congressional committee looked set to concede failure in its bid to cut at least $1.2 trillion from the deficit over the next ten years.

While the group has until midnight on Wednesday to bridge deep partisan differences over taxes and spending, comments from congressional aides suggested the group would admit defeat on Monday, adding another element of uncertainty to an economy that continues to struggle to gain traction.

S&P 500 futures fell 8.4 points while Dow Jones industrial average futures lost 100 points. Nasdaq 100 futures were flat, dipping 1.75 points. (Reporting by Ryan Vlastelica)

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Marco Rubio: States Should Determine Gay Marriage Laws

Wednesday, 23 Jul 2014 09:55 AM

Florida Republican Sen. Marco Rubio hasn't changed his stance on same-sex marriage, despite a judge's decision last week . . .

Obamacare Rulings Have Consumers, Governors Worried

Wednesday, 23 Jul 2014 13:55 PM

Two conflicting court decisions on tax credits for Obamacare have millions of consumers worried, along with some Republi . . .

Russia Today Faces Probe Over 'Biased' TV Crash Coverage

Wednesday, 23 Jul 2014 13:47 PM

The Kremlin-funded news channel Russia Today is facing an investigation by a TV watchdog group in Britain over the accur . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved