Pre-market update: 2009-03-02

By Edward Harrison On Mar 2, 2009

We should expect a very negative open to the markets today. The Dow Futures are pointing to an open under 7000, with key support levels to be tested.

As usual, the reason is the financial sector with AIG and HSBC making headlines. AIG reported a record quarterly loss while HSBC is cutting headcount and looking to raise £12.5 billion to shore up its balance sheet.

Source
Pre-Market Stock Trading – CNN Money

financial news

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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