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发表于 2012-2-16 09:45 AM
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Financials Pull Futures Down after Moody’s Warning
By Avi Salzman
TAGS
CREDIT SUISSE
GENERAL MOTORS
MOODY'S
MORGAN STANLEY
UBS
Financial stocks were falling in pre-market trading as Moody’s said it is considering severe downgrades to numerous large banks. Morgan Stanley (MS), Credit Suisse (CS), and UBS (UBS) could all see their credit ratings fall as much as three notches, and more than 100 other banks could also get hit with downgrades, the ratings agency said. Capital markets are still in turmoil, Moody’s noted, and banks are facing all sorts of challenged, including strict new regulations and wide credit spreads. Morgan Stanley fell 3% in pre-market trading.
The Moody’s warning, and continuing uncertainty in Greece, overshadowed another strong weekly jobless claims report showing claims fell to 348,000, the lowest level since March 2008.
Dow futures fell 18 points to 12,745; S&P 500 futures fell 3.5 points to 1,338.7.
General Motors (GM) was trading flat after missing analysts’ fourth quarter earnings expectations. Online jewelry retailer Blue Nile (NILE) fell 23% after missing expectations and projecting weak earnings. |
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