U.S. stock futures slide on Europe fears FRANKFURT
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U.S. stock futures slide on Europe fears
FRANKFURT (MarketWatch) — U.S. stock index futures fell Monday as investors around the world unloaded stocks and other assets perceived as risky after Greek voters punished the country’s pro-bailout political parties and François Hollande defeated French President Nicolas Sarkozy in weekend elections.Futures on the Dow Jones Industrial Average (CBOT
JM2) fell 68 points, or 0.5%, to 12,868, trimming earlier, deeper losses.
S&P 500 Index futures (GLC:SPM2) lost 7.6 points, or 0.6%, to 1,354.90, while Nasdaq 100 futures (GLC:NDM2) dropped 14.75 points, or 0.6%, to 2,610.75.
“Global risk appetite is again on the back foot as markets digest this weekend’s French and Greek elections. While Mr. Hollande’s victory in the French presidential elections was in line with expectations, his relationship with Germany’s chancellor remains untested,” wrote strategists at Barclays in London.
Meanwhile, the muddled outcome of the Greek parliamentary vote appears to be causing the greatest heartburn for investors, strategists said. http://www.marketwatch.com/story/us-stock-fut...beforebell
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