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Maybe you best hold off on that new boat
http://money.cnn.com/2005/04/18/mark...ex.htm?cnn=yes
Extract S&P and Nasdaq futures pointed sharply lower early Monday, indicating a down start for stocks. That would continue the pattern of late last week: the major indexes all sank nearly 2 percent Friday, capping a three-session sell-off that took the Dow down about 400 points. It was the worst week for the 30-share Dow in just over two years. The selling spread worldwide Monday as stocks tumbled in Asia and were trading lower in Europe. The selling came even as oil prices fell below $50 a barrel in early trading. Whereas cheaper oil would normally be seen as positive for stocks, investors are now viewing it as a sign of a coming economic slowdown, which could hurt demand for oil. |
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