FOXBusiness: Futures Down Ahead of Economic Data

The bears violently took control of stocks on Thursday, gouging a nearly 300-point chunk out of the Dow by late trading, after negative economic data and bad earnings from the likes of industrial giants like Ford provided little impetus for stock traders to hold their positions. Today’s Markets At the 4 p.m. close in New York, the Dow Jones Industrial Average fell 283.11 points, or 2.43% to 11349.28. The Standard & Poor’s 500 index dropped 29.62 points, or 2.31%, to 1252.57 while the Nasdaq Composite Index fell 45.77 points, or 1.97%, to 2280.11. The consumer-friendly FOX 50 fell 20.34 points, or 2.23%, to 889.81. Stocks trended downward throughout the day, but selling accelerated in the last hour of trading. "What happened to that good feeling everyone had only a day ago?," said New York Stock Exchange trader Alan Valdes.... [read full story]