S&P 500 ETF down 7% in premarket

BOSTON (MarketWatch) — The SPDR S&P 500 ETF was down 7% ahead of Friday’s opening bell as the U.S. stock market was set up for a big sell-off following steep declines in Asia and Europe.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Friday, October 24th, 2008 at 5:49 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.