This is bad news. Expect to see stock prices fall at today's open. Hopefully at some point in the day there will be a rally.
Reuters: Futures point to falls as recession woes deepen
Shares are set to fall on Monday, with futures for the Dow Jones, S&P 500 and Nasdaq down 3, 3.9 and 3.7 percent, respectively, at 5:54 a.m. EDT.Definition of futures from Wiki -
In finance, a futures contract is a standardized contract, traded on a futures exchange, to buy or sell a standardized quantity of a specified commodity of standardized quality (which, in many cases, may be such non-traditional "commodities" as foreign currencies, commercial or government paper [e.g., bonds], or "baskets" of corporate equity ["stock indices"] or other financial instruments) at a certain date in the future, at a price (the futures price) determined by the instantaneous equilibrium between the forces of supply and demand among competing buy and sell orders on the exchange at the time of the purchase or sale of the contract. The future date is called the delivery date or final settlement date. The official price of the futures contract at the end of a day's trading session on the exchange is called the settlement price for that day of business on the exchange.
No comments:
Post a Comment