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Parasnand Madho
8 Jun, 2011 | 08:24 AM
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Ahead of the Bell: Dow futures are trading down 53 points and S&P futures are trading down 6 points. Traders will focus on resource-related stocks today as commodities including gold, silver, and copper continue to slide. Crude oil is currently trading about $98 a barrel. OPEC members are meeting today to decide on raising global supplies to reduce higher crude prices. Reports indicate, Saudi Arabia is pressing for an increase in crude supplies as it is affecting global growth. ...
Parasnand Madho
3 Jun, 2011 | 08:19 AM
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Parasnand Madho
2 Jun, 2011 | 08:22 AM
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Ahead of the Bell: Dow futures are trading up 9 points and S&P futures are trading up 2 points after the equity markets ended a four-day rally yesterday with its worst trading session since last August. Traders are bracing for more choppy trading as other jobs data are due today and Friday, which will provide indications whether the economic recovery is slowing down. Also, Moody's has cut its rating on Greece to Caa1 from B1. The Agency cites growing concerns that Greece will be unable to stabilize its financial position without assistance from the EU to restructure existing debt. ...