Stock Futures Fall Flat
On Monday, stock index futures were flat as investors found little reason for keeping pushing shares higher after a rally was sparked once the markets heard comments from Federal Reserve Chairman Ben Bernanke.
Bernanke signaled that supportive monetary policy would continue even though the job picture has begun to improve, bringing a 1 percent jump for equities. The comments of Bernanke were greeted positively by investors though further upside may be limited as indicated by the gains of 12.6 percent so far this year made by S&P.
The S&P/Case-Shiller home price index, which is due at 9 a.m. EDT (1300 GMT), is believed to decline and follow a string of mixed data on the housing market. S&P 500 futures fell 0.6 point but remained above fair value, Dow Jones industrial average futures added 8 points, and Nasdaq 100 futures were off 0.5 point.
All 10 S&P 500 sectors rose on Monday after S&P 500 rebounded from its worst week so far this year to retake a four-year high after the comments from Bernanke.
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Negativity and investments
Negativity and investments going down--this is all the world is all about these days.