Filed under: Before the bell, International markets, Market matters, Sun Microsystems (JAVA), Oracle Corp (ORCL), Economic data, Housing, MBIA Inc (MBI)

It was to be expected. After Wall Street climbed to 13-months highs with stocks rallying over 2% percent just on Monday to add to last week’s gains, finally U.S. stock futures edged lower Tuesday morning, indicating stocks will are poised to retreat somewhat at the open. There’s not much news this morning as investors await some housing data.

Deals and the Group of 20 helped sentiment Monday push stocks for their six straight higher close. Several deals in the making boosted investor confidence as did the Group of 20, which stated over the weekend that it would keep economic stimulus measures in place for now. And with the Federal Reserve indicating it would keep rates low, buyers came back in droves Monday taking the Dow industrials up over 200 points.

Continue reading Before the bell: Stocks ready for a lower open after reaching 13-month highs

Before the bell: Stocks ready for a lower open after reaching 13-month highs originally appeared on BloggingStocks on Tue, 10 Nov 2009 07:45:00 EST. Please see our terms for use of feeds.

Permalink

Share This

Share This

This entry was posted on Tuesday, November 10th, 2009 at 8:55 am and is filed under Real Estate and Housing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.