Stock futures point to lower opening

Stock futures are indicating a lower opening on Wall Street following declines in overseas markets and as the Federal Reserve prepares to begin a two-day meeting on interest-rate policies.
DEC 15, 2009
Stock futures are indicating a lower opening on Wall Street following declines in overseas markets and as the Federal Reserve prepares to begin a two-day meeting on interest-rate policies. Markets in Europe and Asia slipped Tuesday as the dollar rose against the euro amid continuing worries about Greece's debts and the financial health of Austria's banks. The Fed is expected to keep rates unchanged in its announcement expected Wednesday. On Tuesday, the Labor Department reports on wholesale prices for November. Analysts expect a rise. Dow Jones industrial average futures are down 30, or 0.3 percent, at 10,468. Standard & Poor's 500 index futures are down 3.10, or 0.3 percent, at 1,105.50, while Nasdaq 100 index futures are down 3.50, or 0.2 percent, at 1,804.25.

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