Before the bell: Futures decline despite stimulus bill; earnings, economy in focus
Posted Jan 29th 2009 7:40AM by Melly Alazraki
Filed under: Before the bell, International markets, Market matters, Economic data
U.S. stock futures were lower Thursday morning, pointing to a weak start for Wall Street following a few days where stocks rallied. As earnings season continues to rage on, also in focus is the approved $819 billion stimulus plan, as well as more layoffs and store closures as Starbucks. Investors will also look at some economic data due out later today and they say about the economy and the challenges ahead.
Overseas, Asian markets were higher after many exchanges that were closed for holidays earlier this week played catch-up. They also got a boost from Obama's stimulus package. In Europe, bank stocks dragged stock markets down on some profit taking from the earlier rally.
Bow no head, Bend no knee. Better to rule than serve!
