U.S. Stock Futures Slump
December 1st, 2008 Posted in Business, wall street
NEW YORK — U.S. stock futures pointed to an opening slump on the first day of December, as gloomy world-wide economic data took the wind out of last week’s rally.
S&P 500 futures dropped 21.7 points to 873.60 and Nasdaq 100 futures fell 27 points to 1,159. Dow industrial futures dropped 178 points. Last week, the S&P 500 climbed 12%, the Dow industrials rose 9.2% and the Nasdaq Composite rose 11%. The direction of futures doesn’t always accurately predict the direction of stocks at the opening bell.
December 1st, 2008 at 1:36 pm
John, they are telling us we are now in a recession, they say since last December!!!!!!! Hello, it’s a year later. Is everyone terrible at their jobs today???? Are they not suppose to be experts???? I’m confused, lots of egg on face everywhere we turn these days……Is competency gone to never return???
December 2nd, 2008 at 12:49 pm
States are in trouble. New Jersey wants a bailout to pay big pensions to retirees. When is going to stop?
These states need to cut budgets etc. and so does our federal government.
I sure wish Romney was in charge….
December 2nd, 2008 at 4:44 pm
We have lived on a budget for years, that is why we have what we have….My feeling is that in this horrible mess, no one has a choice, we must be on a budget, from the top down, or the bottom up as Obama would say……..ROMNEY 2012
December 2nd, 2008 at 5:19 pm
Glenn Beck said today:
Harry Reid is a piece of crap.
December 2, 2008
http://archives.subscribermail.com/msg/5a8ce478ad884541aa08e5ce4695fe78.htm
Eloquent? No. True? Yes. Harry Reid is a piece of crap. He said the Iraq war was ‘lost’ and the surge wouldn’t work. He said that coal is ‘killing us’. Called President Bush a ‘loser’ (classy, Harry). Called Alan Greenspan a ‘political hack’. He tried to take credit for Rush’s $2 million raised for charity. That said, could this guy be a bigger waste of space? The answer is yes. Despite the budget for the Capital Visitors Center being three times over budget ($621 million) and way behind schedule — Reid said this about the new air conditioning: “My staff tells me not to say this, but I’m going to say it anyway…In the summer because of the heat and high humidity, you could literally smell the tourists coming into the Capitol. It may be descriptive but it’s true.” Hey, Harry, did you ever consider that the foul smell coming from Washington is NOT coming from the tourists?
December 3rd, 2008 at 4:52 pm
Harry Reid stinks! What a waste..ful spender he is. Can we get rid of this guy?