Stocks Futures Point to Opening Gains with Citigroup (C) and Monster Beverage (MNST) on the move
Posted on June 22, 2012 at 08:04 AM EDT
First look... Stocks were poised to bounce back from the prior session's drop this morning, even as the mood darkened in Europe after Moody's Investors Service slashed the credit ratings of several banks. Investors may be feeling a little relief to get Moody's bank downgrades out of the way but worries about Europe's debt crisis persist. The downgrades included five major U.S. banks, Citigroup (C), Morgan Stanley (MS), Goldman Sachs (GS), Bank of America (BAC) and JPMorgan Chase (JPM). Asian shares slumped as renewed concerns over the state of the global economy drove a rout in commodities. Most regional markets posted losses for the week as sent...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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