April 28, 2010
Stock futures slightly lower ahead of opening
BernardU.S. stock futures are falling slightly as European debt problems continue to overshadow signs of an improving economy and the Federal Reserve Board's latest meeting.
Overseas markets plunged again Wednesday, a day after Standard & Poor's slashed its debt ratings on Greece and Portugal. There is concern that the debt crisis will spread further through the continent and stunt a global economic recovery.
The Fed is wrapping up a two-day meeting Wednesday afternoon where it is expected to hold a key interest rate at historic lows.
Dow Jones industrial average futures are down 7, or 0.1 percent, at 10,948. Standard & Poor's 500 index futures are down 1.30, or 0.1 percent, at 1,179.70, while Nasdaq 100 index futures are unchanged at 2,008.75.
The Associated Press