Stocks finished mixed in choppy trading, after four days of losses, as investors become worried that Ireland will likely receive a huge bailout to clean up its banking system and repay its debt.
S&P 500 Index edged up 0.68 points, or 0.06 percent, to trade at 1,179.73 at 09:53 a.m. EDT. The Dow Jones Industrial Average fell 8.47 points, or 0.08 percent, to trade at 11,015.03. The Nasdaq Composite Index gained 0.24 percent.
Futures on the S&P 500 gained 3.50 points, futures on the Dow Jones Industrial Average are up 23 points and Nasdaq100 futures are up 7 points.
Stocks plunged on concerns that Ireland might need a bailout from the European Union/IMF and a slowdown in China may hurt its demand for commodities.
U.S. stocks are sliding on fears over inflation in Asia and the growing likelihood that Ireland’s battered economy may need a cash bailout from the European Union (EU).
S&P 500 Index is down 10.42 points, or 0.85 percent, to trade at 1,187.57 at 09:53 a.m. EDT. The Dow Jones Industrial Average lost 99.57 points, or 0.89 percent, to trade at 11,102.40. The Nasdaq Composite Index fell 0.72 percent.
Futures on the S&P 500 are down 0.49 percent, futures on the Dow Jones Industrial Average lost 0.55 percent and Nasdaq100 futures are down 0.73 percent.
Futures on major U.S. stock indices point to lower opening on Tuesday, with futures on the S&P 500 down 0.59 percent, futures on the Dow Jones Industrial Average down 0.54 percent and Nasdaq100 futures down 0.75 percent.
Stocks on major U.S. indices opened higher as takeovers and faster-than-estimated growth in retail sales fueled optimism in the economy.
Futures on major U.S. indices point to a small rebound on Monday ahead of key monthly retail sales data.
During the G20 the city of Seoul went all out to present a face to the world and welcome dignitaries. Afterwards, life returns to normal.
U.S. stocks fell in early trade on Friday as speculation over interest rate hike in China and concerns about euro-zone sovereign debt weighed on the sentiment.
U.S. stocks declined in early trade on Thursday with tech stocks particularly remaining weak as weaker-than-expected sales and revenue forecast from Cisco Systems weighed on the sentiment.
Futures on major U.S. indices point to a lower opening on Thursday as weaker-than-expected sales and revenue forecast from Cisco Systems weighed on the sentiment.
Futures on major U.S. indices point to a lower opening on Thursday. Futures on the S&P 500 are down 0.38 percent, futures on the Dow Jones Industrial Average are down 0.27 percent and Nasdaq100 futures are down 0.66 percent.
Futures on major U.S. indices remained range bound on Wednesday ahead of key weekly U.S. jobs data and September trade balance reports from the government.
Futures on major U.S. stock indices point to lower opening on Friday ahead of key U.S. monthly non-farm payrolls and unemployment data from the government.
The Australian Dollar has opened slightly lower today after losing more than one US cent due to an increase in risk aversion in Europe and the US, as evidenced by falls in the Dow Jones Industrial Average to as low as 9,938 on the release of durable goods orders and further evidence of weakness in the US housing market.
Stocks fell on Tuesday, hurt by disappointing results from Dow Chemical Co and Procter & Gamble, while June factory orders and pending home sales dropped off more than expected.
S&P 500 futures were flat on Wednesday, struggling to move past their 200-day simple moving average ahead of a busy day on the earnings calendar.
The S&P snapped a three-day winning streak on Tuesday after mixed earnings reports and a fall in consumer confidence, but analysts said U.S. stocks were taking a breather and the rally could pick back up.
The S&P 500 and Dow Industrials edged higher on Friday as another round of solid corporate earnings offset uncertainty ahead of European bank stress test results.