U.S. Stock Futures Fall; S&P 500 Poised for Slump
U.S. stock futures declined, indicating the Standard & Poor’s 500 Index will drop for a seventh day, as the euro area’s leaders grappled with how to contain their region’s debt crisis.
(Bloomberg) LONDON - Fitch Ratings lowered Portugal's long-term rating to BB+ from BBB- with a negative outlook, while Moody's Investors Service cut Hungary's foreign- and local-currency bond ratings to Ba1 from Baa3 yesterday.
Dow Jones Industrial Average futures expiring the same month lost 67 points, or 0.6 percent, to 11,167. U.S. equity markets will reopen today after yesterday's Thanksgiving break.