US futures, world indexes, rattled by $2B misstep at JP Morgan; financial sector slides

Star Tribune Friday 11th May, 2012

NEW YORK - U.S. stock futures fell Friday, led by the financial sector in the wake of huge losses at J.P. Morgan on trading bets gone wrong. Dow Jones industrial average futures fell 91 points to 12,743. Standard & Poor's 500 futures fell 10.9 points to 1,347.00. Nasdaq composite index futures slid 15.25 points to 2,603.5. All major U.S. indexes headed for weekly losses. However, as opposed to most of the week, the losses Friday were not be...

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