Wednesday, March 13, 2013

U.S. Stock Futures Fall; Investors Consider Confidence vs. Exuberance

U.S. stock-index futures traded slightly lower Tuesday, with investors weighing whether the market has the momentum to extend a long-running rally or has fallen prey to an irrational buying frenzy.
Futures on the Dow Jones Industrial Average recently fell 30 points to 14365, and S&P 500 Index futures lost 1.7 points to 1548.80. Nasdaq 100 futures declined 3.5 points to 2802.
"Confidence or complacency is the key question, but with every downturn being filled with a new wave of money, the momentum is currently all one way," said Rebecca O'Keeffe, head of investment at Interactive Investor in London.
The CBOE ...

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