Stock Futures Dip on Spain Rating Warning
NEW YORK ( TheStreet) -- Stock futures pointed to a lower open Wednesday as eurozone debt concerns returned after a ratings agency warned that it may lower Spain's credit rating.
Meanwhile, key consumer price data showed that inflation pressures remained muted in November and manufacturing activity in the New York region heated up in December.
Futures for the Dow Jones Industrial Average were down by 23 points, or 14 points below fair value, at 11,398. Futures for the S&P 500 were 3 points lower, or 2 points below fair value, at 1234, and Nasdaq futures were off by 4 points, or 1 point below fair value.
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