Stock index futures fall; bailout vote awaited | G.O.O.D

Mountain House Freeze-Dried Food « Gas shortage leads to fights, threatens college football in South USD 800 billion Emergency Economic Stabilization Act draft 28 Sep 2008 » Sep 29 2008 Stock index futures fall; bailout vote awaited Posted by: Joshuah in Economics, tags: Bradford & Bingley, Fortis Source: Reuters Stock index futures fell on Monday on signs the global credit crisis was intensifying as European authorities rescued two embattled banks and U.S. lawmakers prepared to vote on a $700 billion emergency bailout plan. By 4:44 a.m. EDT, S&P 500 futures were down 1.9 percent, Dow Jones futures were down 1.6 percent and Nasdaq 100 futures were down 1.9 percent. European stocks tumbled 2.5 percent on Monday after the Belgian, Dutch and Luxembourg governments agreed to inject 11.2 billion euros ($16.4 billion) into crippled lender Fortis, which became the first major casualty of the credit crisis in the euro zone. Stricken UK lender Bradford & Bingley was also nationalised after its branch network and deposit business was sold to Spain’s Banco Santander. Stateside, congressional leaders from both parties said they reached a tentative agreement on the bailout plan aimed at purging banks’ balance sheets from bad mortgage-related debt and unclogging the financial system. Full Story… This entry was posted on Monday, September 29th, 2008 at 6:28 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Leave a Reply You must be logged in to post a comment. Login »
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Creative Commons Attribution 3.0 United States

Creative Commons Attribution 3.0 United States