Stock futures dip ahead of weekend, China data MA
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Stock futures dip ahead of weekend, China data
MADRID (MarketWatch) — U.S. stock market futures traded lower on Friday, as investors turned jittery ahead of the weekend and data expected from China, and after Reserve Chairman Ben Bernanke didn’t give stronger hints about monetary stimulus a day prior.
A day prior, Wall Street managed to give up the bulk of the day’s gains after Bernanke said the central bank wants to review the economy before making a decision on more stimulus. The Standard & Poor’s 500 index (SNC:SPX) halted a three-session win streak, finishing slightly lower at 1,314.99.
“Equities have had a good week so far, but investors are becoming increasingly jittery as we head into the weekend. As a consequence, many are taking the opportunity to take some risk off the table and book profits,” said David Morrison, senior market strategist at GFT Markets, in emailed comments.
http://www.marketwatch.com/story/stock-future...beforebell