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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: John who wrote (35564)	8/20/2010 1:45:36 PM
From: Hope Praytochange	Read Replies (1) \| Respond to of 103300

NEW YORK, Aug 20 (Reuters) - U.S. stock index futures fell on Friday, tracking global equity markets lower as weaker-than-expected economic data reinforced fears of a faltering recovery. U.S. stocks tumbled to their lowest close in nearly a month Thursday after anemic labor market and manufacturing reports indicated the recovery was losing momentum. "Basically growth is just not there," said Dave Rovelli, a trader at Canaccord Adams in New York. "Until this administration figures out how to get people hired, we are going to be seeing a lot of these big up days, big down days, and the market's going to be all over the place." Futures traded erratically, with S&P 500 futures falling more than 7 points in early trade, but came off their lows as the morning progressed. S&P 500 futures were down 5.8 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures dropped 42 points, and Nasdaq 100 futures lost 5.50 points.