Weak stock futures on profit takeout week

Posted in News

S&P 500 futures are down. Nasdaq futures are down. Dow Industrial futures are down. After a period of positive performance we now see a lull and profit conversions.

A majority of S&P 500 members have reported somewhat better number for the Quarter than expected. Headup on Banc of America that come with a report that will probably show limited lending. More big ticket reports are due this week with pharma Eli Lily and financial report by IBM and Texas Instruments.

While there seems to be a lull in the direction of economic trends, the strong dollar (or weak conterparts) may be detrimental to more than export brands and show up in Q2 numbers. Dow Live Reports

Related posts:

  1. Weak start of market week supported by Caterpillar
  2. US Futures down on Greece is Spain next?
  3. Markets are looking stronger this week
  4. OK sales but falling profit warnings
  5. Weak week ahead for the Dow

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This entry was posted on Monday, April 20th, 2009 at 3:25 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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