Dow Jones Futures 11/06/08 - Stock Market Rate Cut

11/06/08 Pre Market Trading Report:

Today, November 6th, 2008, the Stock Market and Dow Jones Futures are sharply lower after yesterdays fierce sell off. Cisco ( CSCO ) reported better then expected earnings last night but their guidance was horrible. CEO John Chambers said this is the most difficult time to predict the future in his career. John Chamber is always the most positive guy ever on his company, so this statement is very scary. But wait, the Bank of England cuts key interest rate by 1.5% from 3% to 1.5%. This will be good for the world markets! This just happened at 7:00am Est.

Futures Markets 11/06/08:

Dow Jones Futures: Down 65
Nasdaq Futures: Down 23
S&P 500 Futures: Down 6


Asian Markets - European Markets 11/06/08

Asian and European Markets tanked last night, one day after our big sell off. Japan's Nikkei was down 6.5 percent at 8,899.14, and Hong Kong's Hang Seng Index 7.1 percent lower at 13,790.04.
The FTSE 100 index of leading British shares was down 180.42 points, or 4.0 percent, at 4,350.31, while Germany's DAX was 214.99, or 4.2 percent, lower at 4,951.88. France's CAC-40 was down 145.06 points, or 4.0 percent, at 3,473.05. All these market cut their losses in half when this rate cut above was announced. The FTSE is only down 90 now!

Stocks to Watch today: November 6th, 2008

Pre Market Gainers

Watch Hartford Financial ( HIG ), Las Vegas Sands ( LVS ), Whole Foods ( WFMI )

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