(Reuters) – Stock futures pointed to a drop on Thursday, adding to the previous session's plunge, as investors worried about the fate of stricken U.S. carmakers and the specter of a prolonged economic downturn. At 5:33 a.m. EST, S&P 500 futures were down 1.9 percent, Dow Jones futures were down 1.3 percent and Nasdaq 100 futures were down 2.2 percent.
Highlights:
* Banking stocks will remain in the spotlight after Citigroup's (C.N) woes hit European banks on Thursday, with Credit Suisse (CSGN.VX) down 11 percent, UBS (UBSN.VX) down 8.6 percent and Deutsche Bank (DBKGn.DE) down 8 percent. Citigroup fell 23 percent to a 13-year low on Wednesday.
* Energy shares will be under pressure, as oil fell for a fifth straight session to approach $50 a barrel on renewed worries over demand for fuel.
No comments:
Post a Comment