US stock futures tumble
Friday, April 06, 2012
More losses were incurred by Standard and Poor's 500 Index as U.S. stock futures fell on April 6 amid a weak dollar and a disappointing jobs report from the U.S. Bureau of Labor Statistics.
According to a Bloomberg report, S and P 500 futures dropped 1.1 percent to 1,374.90, with the dollar losing as much as 1.3 percent to 81.31 yen, the lowest in a month, the news source stated.
“This is a real shock,” Donald Selkin, the New York-based chief market strategist at National Securities Corporation, which manages about $3 billion, told the news source. “Everybody is so hung up on the 200,000 [[jobs]] increase.”
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