Before the bell: Futures indicating a lower start as oil rises

November 19th, 2007 | Category: Market Matters, Before the Bell, Economic Data

If you’re a bear, thereupon at least another down beginning may await you in today’s session. At least, that’s the indication U.S. stock futures are giving that wee hours. As economists forecast the risk of a recession increased due to the break down of the housing market along with the credit crunch and as oil prices jumped again on OPEC comments, it seems the bears have returned.

On Friday, U.S. stocks saw volatile session that ended with gains, with the Dow industrials rising 66 points, or 0.51%, the Nasdaq Composite up 18 points, or 0.72%,

and the S&P 500 rising 7 points, or 0.52%. On the week stocks finished higher in a week full of wild swings. The Dow ended up 1.03%, the S&P 500 and the Nasdaq ended up 0.35%.

Not much profitable input is due nowadays so investors are focusing on rising oil prices, abroad activity and some M&A action.

Continue reading Before the bell: Futures indicating a lower start as oil rises

Original post by Melly Alazraki

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