Futures Dip After Bernanke Speaks
NEW YORK ( TheStreet) -- U.S. stock futures pointed to a weaker open Monday following comments from Federal Reserve Chairman Ben Bernanke suggesting that the weak labor market could necessitate additional bond purchases by the Fed and as concerns about eurozone stability continued to weigh.
Futures for the Dow Jones Industrial Average were down by 24 points, or 32 points below fair value, at 11,340. Futures for the S&P 500 were 5 points lower, or 5 points below fair value, at 1219, and Nasdaq futures were off by 4 points, or 7 points below fair value.
Stocks finished ahead Friday despite a disappointing November jobs report that saw the unemployment rate rose to 9.8%.On Monday, the
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