Before the bell: Stocks set for lower start ahead of data

Jun 03 2009

Before the bell: Stocks set for lower start ahead of data

Posted by: admin in Real Estate and Housing

Filed under: Before the bell, International markets, Market matters, Economic data, Oil, Housing, Federal Reserve

U.S. stock futures declined Wednesday morning, indicating Wall Street could stumble at the open as investors awaited Federal Reserve chairman Ben Bernanke’s testimony before the House Budget Committee and a slew of economic data, including private sector employment numbers.

While we’ve seen great optimism in the market recently, with stocks almost erasing any yearly declines, as green shoots and improving economic data fueled hopes of a recovery, still many believe it is not enough and the market is overbought. So much that Credit Suisse argued that bonds are a better place to be than stocks with the recent rise in yields.

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Before the bell: Stocks set for lower start ahead of data originally appeared on BloggingStocks on Wed, 03 Jun 2009 07:45:00 EST. Please see our terms for use of feeds.

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