Marik Posted March 24, 2009 Share Posted March 24, 2009 March 24 (Bloomberg) -- U.S. stock-index futures fell and European shares fluctuated as banks and raw-material producers retreated after the biggest rally in the Standard & Poor’s 500 Index in five months. Asian shares advanced.Bank of America Corp. slid 3.8 percent after surging 26 percent yesterday. Rio Tinto Group and BHP Billiton Ltd. dropped for the first time in four days as copper snapped its longest streak of gains since 2007. Hyundai Engineering & Construction Co. jumped 7.1 percent as South Korea announced a record stimulus package.Futures on the S&P 500 slipped 0.8 percent at 11:19 a.m. in London. The gauge rallied 22 percent since March 9 as Citigroup Inc., Bank of America and JPMorgan Chase & Co. said they made money in the first two months of 2009 and Treasury Secretary Timothy Geithner unveiled plans by the U.S. yesterday to finance as much as $1 trillion in purchases of distressed assets.“Questions remain,” said Bill Dinning, Edinburgh-based head of investment strategy at Aegon Asset Management, which oversees $61.6 billion. “I’m not convinced the plan is the complete end game for what ails us in the financial sector,” he said in a Bloomberg Radio interview. Source: bloomberg Link to comment Share on other sites More sharing options...
Infinite_Vision Posted March 24, 2009 Share Posted March 24, 2009 Up and Down. Hopefully, it ends this year and we don't see a depression. Job market stinks right now. Though, the past two weeks or so, it been itching up a bit. Link to comment Share on other sites More sharing options...
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