Wednesday, June 19, 2013

Latest local news, weather and high school sports for Northern Michigan

Stock futures drop on global economic worries
by STEPHEN BERNARD
Posted: 08.24.2010 at 6:47 AM
0

NEW YORK (AP) — Stock futures are retreating following the lead of overseas markets as investors worldwide continue to worry about the pace of a global recovery.

U.S. traders are bracing for another disappointing report on the housing market Tuesday.

Japanese markets led the way lower, falling more than 1 percent as the yen hit a fresh 15-year high against the dollar.

The National Association of Realtors is expected to report existing home sales fell to their lowest level in more than a decade.

Dow Jones industrial average futures are down 72, or 0.7 percent, at 10,085. Standard & Poor's 500 index futures are down 8.30, or 0.8 percent, at 1,057.30, while Nasdaq 100 index futures are down 11.75, or 0.7 percent, at 1,797.75.

Popular Stories
Thumbnail
Restaurant damaged by fire
Roxanne Werly  |  Today at 10:15 AM
Thumbnail
Case closed on human skull fragment found in Mason Co.
Meghan Morelli  |  Today at 11:12 AM
Follow Up North Live
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
ADVERTISEMENT