• Most Popular
  • Most Shared

Futures plummet amid uncertainty about U.S. banks

NEW YORK
Sun Sep 14, 2008 6:48pm EDT
The Wall Street sign is seen in front of the New York Stock Exchange January 22, 2008. REUTERS/Chip East

NEW YORK (Reuters) - Stock index futures tumbled on Sunday, pointing to a sharply lower open on Monday amid widespread uncertainty about the health of U.S. financial sector with the fate of Lehman Brothers still unclear.

Hot Stocks

The ruptured U.S. financial system was facing an unprecedented shake-up on Sunday that could lead to the failure of Lehman Brothers, the takeover of Merrill Lynch & Co Inc. and huge asset sales by American International Group.

S&P 500 futures fell 38 points and the Dow Jones industrial average futures sank 307 points while Nasdaq 100 futures slid 45 points.
Hot Stocks


More from Reuters

Photo

Time Warner Cable, Fox at impasse; blackout looms

NEW YORK (Reuters) - About 13 million Time Warner Cable Inc subscribers were to lose most Fox programing at midnight on Thursday unless the cable service provider reached a last-minute deal to pay fees to News Corp to broadcast the shows.

» More Top News
A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Global Markets
Clients work out on machines at the Bally Total Fitness facility in Arvada, Colorado June 15, 2009. REUTERS/Rick Wilking

Get real with resolutions

We make them and we break them: The secret to keeping them is to avoid the impossible dream.  Full Article 

Lifestyle