U.S. Stock Futures Fall After Run of Dow Records
Wall Street stock futures are signaling a declining Dow after six straight days of gains that pushed the index to a series of all-time highs.
Wall Street stock futures are signaling a declining Dow after six straight days of gains that pushed the index to a series of all-time highs.
U.S. stocks fell on Tuesday, driving the Dow industrials to the biggest drop since June 21, as weak results from index members DuPont and United Technologies showed profit growth is slowing.
Poor corporate earnings reports are pounding the stock market in a sour end to an otherwise strong week. The Dow Jones industrial average fell more than 200 points for its worst day in four months.
A bruising session on Wall Street Thursday wiped more than 500 points off the Dow - its worst drop since October 2008. Driving the fear is growing concern about the possibility of another recession. Will the selloff continue Friday? It all depends on the Labor Department's employment report.
The Dow tumbled Tuesday as part of a global sell-off in stocks fueled by further speculation that China will hike interest rates to fight inflation and renewed worries over the wobbly finances of Ireland, Portugal and Greece.
Stocks fell sharply Tuesday after a surprise rate hike from China's central bank and mixed quarterly earnings reports led to heavy selling in technology, materials and energy stocks.





