Stock Futures Fall Further as Paulson Comments on US Economy, Begin to Regain as Fed Announces Rate Cut
Early Tuesday morning stock index futures fell further towards session lows after Secretary Henry Paulson said the U.S. economy slowed materially in recent weeks. However, as the Fed announced a 75 basis point to 3.50, futures began to recoup.
In early trading, S&P 500 futures had dipped down 67.30 points, far below fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
As of early this morning, Dow Jones industrial average futures dropped 528 points. Nasdaq 100 futures slid 88.75 points.
Published on January 22, 2008
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