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Before the bell: Futures lower on Dell's earnings, ECB move

 Nov 20, 2009 12:50 PM UTC
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Filed under: Before the bell, International markets, Dell (DELL), Market matters, Economic data, Commodities, Oil

U.S. stock futures fell Friday morning, indicating continued weakness in the stock market. Dell's worse-than-expected earnings reported late Thursday are putting pressure on equities as a whole and technology shares in particular. Investors may be moving toward safer securities in the absence of confidence in the strength of the sector, which has already stumbled the last couple of days.

On Thursday, stocks fell across the board: the Dow industrials were down 0.9%, the S&P 500 declined 1.3% and the Nasdaq composite skidded 1.7%, following an analyst downgrade of semiconductors. This put further pressure on a sector that was already reeling from earnings the day before. Economic reports didn't help to increase investors' confidence Thursday.

Continue reading Before the bell: Futures lower on Dell's earnings, ECB move

Before the bell: Futures lower on Dell's earnings, ECB move originally appeared on BloggingStocks on Fri, 20 Nov 2009 07:50:00 EST. Please see our terms for use of feeds.

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