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Cisco, Microsoft seen pressuring U.S. open | |
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| Time: 14:54 EST/19:54 GMT | News Source: Yahoo News | Posted By: Alex Harris | ||
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U.S. stocks were headed for more bleeding at the open Wednesday led by losses in technology after Cisco issued a cautious outlook and antitrust issues reemerged for Microsoft. S&P futures were up from their overnight lows but remained well below fair value. At last check, S&P Futures were up 2.80 at 962.20, but still 4 points below fair value. Nasdaq futures were up 5.50 at 1,221.50. On the heels of Tuesday's sell-off in the U.S., which saw the Dow Jones Industrials slide 1.6 percent and the Nasdaq Composite Index decline 2.4 percent, overseas markets were also lower. In Europe, London's FTSE 100 index fell 1.4 percent, the German DAX Xetra 30 index declined 2.2 percent and the French CAC 40 index eased 1.5 percent to 3,140. See London Markets and Europe Markets. | ||
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