Stock Market Futures 12/1/08 - Dow Jones

The Dow Jones and Stock Market Futures are indicating a lower open today, 12/1/08, as Asian Markets fell overnight. I will be watching the first half hour of trading to see if we add to weakness and violate the lows set on Friday of 8762. We have gone up five straight days in a Bear Market so we were bound to slip one of these days. The key is to see if we bounce back later today or tomorrow. Over the past few months the trend has been selling the beginning of the month and buying at the end of each month. This probably has something to do with the jobs reports being released at the start of each month as well. This Friday, we get a fresh look at the November Jobs report which is expected to be down 330,000 jobs and major downward revisions from October. This is something to watch closely!

Stock Market Futures - December 1st, 2008

Dow Jones Futures - Down 163
Nasdaq Futures - Down 26
S&P 500 Futures - Down 20
Nikkei Close - 8397 Down 113

Todays Biggest Gainers - 12/01/08

Yahoo ( YHOO ) is up today as there are rumors Microsoft is coming back to the table once again. Citigroup ( C ), General Motors ( GM ), and Suntech Power ( STP ) are among the big losers for the day.


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