Stock futures drop as dollar hits new lows, oil nears $106
Stock futures slide as dollar hits new lows
Oil pushes toward $106; General Motors to play role in Delphi financing
By Simon Kennedy, MarketWatch
Last Update: 9:28 AM ET Mar 6, 2008
NEW YORK (MarketWatch) — U.S. stock futures lost ground Thursday, pointing to
opening losses, as retailers offered a largely dark view on the economy and as
the dollar hit fresh lows while oil prices extended record highs — closing in on
$106 a barrel.
S&P 500 futures dipped 9.70 points to 1,325.90 and Nasdaq 100 futures lost 8.25
points to 1,751.25. Dow-industrials futures gave up 69 points to 12,207.00.
The three indexes stayed in the red after the Labor Department reported weekly
jobless claims numbers, in which the four-week average dropping to its lowest
level since Feb. 9
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