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8:00AM: S&P futures vs fair value: -5.2. Nasdaq

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rosepetal   Thursday, 06/03/04 08:33:06 AM
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8:00AM: S&P futures vs fair value: -5.2. Nasdaq futures vs fair value: -8.5. Futures market is lower this morning, in concert with lackluster trade in overseas markets where the Asian Nikkei and Hang Seng closed down 1.9% and 2.2%, while the European DAX, CAC, and FTSE are also trading modestly lower. The early negative bias comes in conjunction with a reversal in the price of crude oil following yesterday's sell-off and in-spite of generally better than expected same store sales reports. Note that the long-anticipated OPEC meeting is currently underway.

Briefing.com

Rose


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