June 8, 2011, 7:15 a.m. EDT
U.S. stock futures point to sixth straight drop
Beige Book awaited; Citigroup sells private-equity portfolio
By Simon Kennedy, MarketWatch
LONDON (MarketWatch) — U.S. stock futures pointed to a sixth straight day of losses Wednesday as Federal Reserve Chairman Ben Bernanke’s downbeat assessment of the economy continued to weigh on sentiment and as investors awaited the Fed’s latest summary of regional conditions.
Futures on the Dow Jones Industrial Average dropped 57 points to 12,015 and Standard & Poor’s 500 index futures fell 6.60 points to 1,278.20.
Nasdaq 100 futures were down 16.75 points at 2,257.
U.S. markets gave up early gains to close lower Tuesday after Bernanke said that U.S. economic growth has been “somewhat slower” than expected, but gave no indication that the Fed could launch a third round of quantitative easing. The Dow Jones Industrial Average closed down around 19 points, having earlier risen as much as 89 points.
The Fed will remain in focus Wednesday, with its Beige Book summary of anecdotal information on regional economic conditions due to be published at 2:00 p.m. Eastern.
Full story: http://www.marketwatch.com/story/us-stock-futures-point-to-sixth-straight-drop-2011-06-08?dist=beforebell
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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