08:00 am : S&P futures vs fair value: -6.7. Nasdaq futures vs fair value: -3.8. Futures versus fair value are signaling a sharply lower start for stocks. Aside from hesitation on the part of buyers ahead of this morning's read at 8:30 ET on wholesale inflation (e.g. PPI) and consumer spending (e.g. Retail Sales), another broad-based sell-off in foreign markets is contributing to the negative bias. Japan's Nikkei plummeted 4.1%, Hong Kong's Hang Seng Index lost 2.5%, and presently, the European bourses are all down more than 2.0% amid worries about rising interest rates in the U.S. choking off consumer demand for exports
DOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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