Tags: stock | futures | obama | draghi

US Stock Futures Reverse Course, Fall on European Crisis

Wednesday, 07 Nov 2012 08:03 AM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink
Futures are giving up early post-election gains and falling sharply on warnings out of Europe that a broad recession there is now all but certain.

Dow Jones industrial futures are down 93 points to 13,108. The broader S&P futures have given up 8.8 points to 1,416.40. Nasdaq futures are down 16.75 points to 2,659.

All major indexes had been pointing higher Wednesday before the European Union further lowered its expectations for the 27-nation economic bloc. It said European nations will see further declines, and the road back to recovery will take longer because of the viciousness of the continent's debt crisis.

The EU confirmed earlier predictions that the 17 nations that use the euro will tumble into recession soon, and that the entire EU economy will contract.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  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:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Stocks Crawl to Record Close Ahead of Thanksgiving Holiday

Wednesday, 26 Nov 2014 17:12 PM

The U.S. stock market inched upward to another record close on Wednesday ahead of the Thanksgiving holiday as investors  . . .

Harvard's Feldstein: Low Oil Prices Help US as Iran, Russia Suffer

Wednesday, 26 Nov 2014 16:30 PM

Harvard economist Martin Feldstein says "the low price of oil is good news for the United States economy, because it imp . . .

OPEC Heading for No Output Cut Despite Oil Price Plunge

Wednesday, 26 Nov 2014 16:13 PM

OPEC Gulf oil producers will not propose an output cut on Thursday, reducing the likelihood of joint action by OPEC to p . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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