Stock Futures Slide as Eurozone Uncertainties Persist
NEW YORK ( TheStreet) -- U.S. stock futures were falling Monday as a victory by the Greek pro-bailout party failed to quell longer-term uncertainties about the eurozone.
Futures for the
Dow Jones Industrial Average were lower by 71 points, or 54.2 points below fair value, at 12,639. Futures for the
S&P 500 were down 7.5 points, or 6.3 points below fair value, at 1330, and futures for the
Nasdaq 100 were falling 8.5 points, or 10 points below fair value, at 2556.
Official projections show that Greece's pro-bailout New Democracy party was set to win 29.7% of votes and 129 seats in the 300-member parliament, trumping the 26.9% of votes and 71 seats obtained by the leftist Syriza party. The New Democracy Party now faces the challenge of forming a viable coalition government.
"A temporary relief rally in the euro and risk assets does not mean that uncertainty has been eliminated," said HSBC analysts. "Antonis Samaras, the
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