Tuesday, August 31, 2010

Wall Street Exchange Estimated Futures Decline

U.S. stock market is estimated to still negative, the continuing decline Monday. Moreover, European shares also declined, including the stock market in Asia.

One analyst, Jawaid Afsar from Securequity estimate DJIA down about 41 points at 9968 and S & P 500 six points lower at 1043. "U.S. equity market is currently under pressure. With many of the negative data and bearish for the equity line of traditional, not too difficult to imagine markets that are lower than current levels," he said as quoted from yahoofincance.com.

Shiller home price index at 1300 GMT, 1345 GMT on the Chicago PMI, consumer confidence data at 1400 GMT and the minutes of the FOMC minutes at 1800 GMT. Dow futures contract early next month and futures contract traded S & P 500 -0.4% respectively at 9941.0 and 1041.3.

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