Aug 8, 2011

U.S. Stock Futures Tumble After Ratings Cut

From FOX - U.S. stock futures fell sharply on Sunday following the steepest weekly retreat since 2008 as traders reacted to Standard & Poor's downgrade of America's credit rating and ongoing concerns over the euro zone debt crisis. In electronic trading Sunday evening, Dow Jones Industrial Average futures slid 178 points to 11,187, S&P 500 futures tumbled 19.2 points to 1,178 and Nasdaq 100 futures dipped 33.5 points to 2,153. Read more

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