Quantcast

Tuesday, July 29, 2014         

 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

U.S. stock futures mixed a day after Dow drops 249

By Matthew Craft
AP Business Writer

POSTED:



NEW YORK » Stock futures are trading mixed, a day after the Dow Jones industrial average plunged 249 points as a congressional committee failed to reach a deal to cut budget deficits.

Less than two hours before the opening bell, Dow Jones industrial average futures are up 4 points to 11,529. S&P 500 index futures are up 2, or 0.2 percent, to 1,193. Nasdaq 100 futures are down 4, or 0.2 percent, to 2,209.

The impasse raised fears that rating agencies might lower the U.S. government's credit rating. But after the market closed Monday, Standard & Poor's said the country's credit rating was unaffected by the news. S&P added its current rating is based on the expectation that automatic cuts will start in 2013. Some Republicans have vowed to block the defense spending cuts.







 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(0)
You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
IN OTHER NEWS
Breaking News