Markets Overview

Futures
U.S. stock futures fell, indicating the S&P 500 Index will snap three days of gains, as one of the three party leaders supporting Greece’s government said he cannot vote for the current austerity package.

After the announcement the Xetra Dax future fell over 1% followed by France’s CAC down about 1% in today’s trading. The FTSE, Dj EuroStoxx 50, Ibex and Swiss SMI future contracts were all trading down over 1% in this afternoon rallying back from a steep sell-off in this morning’s trading.

Futures on the S&P 500 expiring in March fell 0.7% to 1,336.5 in New York an hour before the stock market opened, indicating the benchmark measure will advance about half a percent on the week. The DJ Industrials futures expiring the same month dropped 84 points, or 0.7 percent, to 12,758 today. The Nasdaq followed the trend of all the major stock futures into the red down 0.7% this afternoon.