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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (31389)10/27/2010 8:05:52 AM
From: DebtBomb  Read Replies (1) | Respond to of 71479
 
Stock futures dip as investors rethink stimulus views

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Traders work on the floor of the New York Stock Exchange, October 19, 2010. REUTERS/Brendan McDermid
On Wednesday October 27, 2010, 7:56 am
NEW YORK (Reuters) - Stock futures fell on Wednesday as investors reassessed how aggressive the Federal Reserve may be in new efforts to stimulate the economy, and braced for another round of corporate results and economic data.

Expectations of large-scale Treasury bond purchases by the Fed have prompted a market rally since the beginning of September. Equity investors have bet that more quantitative easing will invigorate an economic recovery and lift asset prices.

The Wall Street Journal reported the central bank is likely next week to unveil a program of purchases worth a few hundred billion dollars over several months, and want to avoid a "shock and awe" style approach.

In a Reuters survey earlier this month, U.S. primary dealers projected the size of the Fed's expected quantitative easing from $500 billion to $1.5 trillion.

On the earnings front, results were due from Visa Inc and ConocoPhillips.

Whirlpool Corp reported a lower profit on almost flat sales as cautious shoppers curbed spending on expensive goods like appliances.

Economic data on tap includes durable goods and new home sales, both for September. Durable goods are forecast to rise 2 percent from a decline of 1.5 percent the month before, while new home sales are expected to rise to 300,000 from 288,000 the previous month.

S&P 500 futures dipped 5.5 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 slipped 33 points, and Nasdaq 100 futures gave up 4 points.

Stocks ended little changed on Tuesday on investor caution ahead of next week's U.S. elections and statement from the Fed.

Barnes & Noble Inc unveiled the latest iteration of its Nook electronic reader, featuring a color touch screen and Wi-Fi web browsing, as it seeks to catch up to the Kindle, the industry leader from Amazon.com Inc.
finance.yahoo.com