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Stocks set to start week with losses

Stocks set to start week with losses

Stocks are set to start off the new week with losses following an earnings miss by a big retailer and new concerns about Europe's debt crisis.
Home improvement company Lowe's fell 5 percent in pre-market trading after it missed Wall Street's earnings expectations and cut its outlook for the year.
Stocks in Europe fell more than 1 percent after the arrest of the head of the IMF in New York for an alleged sexual attack. The official, Dominique Strauss-Kahn, had been heavily involved in trying to solve the debt crises in Portugal and Greece.
Ahead of the opening bell, Dow futures are down 47, or 0.4 percent, to 12,509. S&P 500 futures are down 5, or 0.4 percent, to 1,328. Nasdaq futures are down 5, or 0.2 percent, to 2,365.


Updated : 2021-01-19 11:04 GMT+08:00