Stock Futures Point to Lower Wall Street Open Tuesday
Published: November 10, 2009
Stock index futures are pointing to a lower open on Wall Street
as the dollar, which powered Monday’s huge rally, is little
changed.
Investors are pausing after sending the Dow Jones industrials up
200 points for the second time in three days. They believe the
greenback’s continuing slide will keep interest rates low, and that
has enabled many investors to look past some of the economy’s
trouble spots, including rising unemployment. Some analysts,
though, are warning that this rally, which has taken stocks to new
highs for 2009, is unwarranted.
Markets overseas remain higher Tuesday, catching up to the
advance in the U.S. on Monday.
Dow futures are down 14, or 0.2 percent, at 10,178. Standard &
Poor’s 500 index futures are down 2.00, or 0.2 percent, at
1,089.70, while Nasdaq 100 index futures are down 1.00, or 0.1
percent, at 1,765.50.
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