“U.S. stock futures fell sharply as increasing worries about the finances of some European governments triggered deep losses in overseas markets,” Tomi Kilgore reports for The Wall Street Journal.
“Dow Jones Industrial Average futures dropped 107 points to 12359, while Standard & Poor’s 500-stock index futures slumped 12 points to 1316 and Nasdaq 100 futures lost 22 points to 2322,” Kilgore reports. “Changes in stock futures don’t always accurately predict stock moves after the opening bell.”
Kilgore reports, “European bourses were broadly lower after Standard & Poor’s cut over the weekend its outlook on Italy’s credit rating to negative from stable, and after Spain’s ruling Socialist party suffered heavy losses in regional elections. A volcanic eruption outside of Iceland, which restricted flights over the island, also dented sentiment.”
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