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Parasnand Madho
30 May, 2012 | 07:59 AM
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Ahead of the Bell: Dow futures are trading down 95 points and S&P futures are trading down 8 points after rating agency, Egan Jones, downgraded Spain's credit rating for a third time to junk status, as investors worry over the country's banking system which will push borrowing costs to unsustainable levels.  Spain is one of Europe's largest economies, and the ECB is expected to step in and provide the necessary liquidity to stabilize the economy. ...
Courtney Raio
29 May, 2012 | 05:20 PM
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Markets closed higher after hitting a midday level that was slightly negative once the European markets closed.  Domestic markets were trading higher this morning on hopeful reports out of Europe.  Despite disappointing consumer confidence numbers and lackluster Case-Shiller results, markets were able to trade back up into positive territory. ...
Parasnand Madho
29 May, 2012 | 08:32 AM
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Ahead of the Bell: Dow futures are trading up 73 points and S&P futures are trading up 7.7 points as investors feel optimistic ahead of a busy week in domestic economic news and stipulation that Chinese officials are considering a stimulus plan to help boost the company’s economy.  Spanish stocks were under pressure after a 9.8% drop in retail sales was announced over the weekend and questions over the country’s banking system remain a concern. ...
Courtney Raio
25 May, 2012 | 04:40 PM
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Markets spent the day in a gradual decline on continued concern over the financial woes in Europe and questions over Greece’s longevity in the European Union as investors seemed reluctant to buy into the markets ahead of the long Memorial Day weekend.  However, markets did manage to log a positive week. ...
Parasnand Madho
25 May, 2012 | 08:22 AM
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Ahead of the Bell: Dow futures are trading down 3 points and S&P futures are trading up 1.4 points as European markets erased earlier gains to turn flat as traders are likely trying to book profits on the back of a two-day rally with fears over Greece still at the forefront.  Manufacturing across the globe is reportedly slowing, including in the U.S. and China, which added to the drag on foreign markets and U.S. Futures. On the economic calendar today: University of Michigan Consumer Confidence results are expected to be 77.8. ...
Courtney Raio
24 May, 2012 | 05:14 PM
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Markets ended today’s session mixed though off the day’s lows as continued concern over a Greek exit from the euro zone weighed on investor sentiment and domestic economic reports did little to lend excitement. ...