LONDON (MarketWatch) -- U.S. stock futures slumped on Monday after the White House said bankruptcy might be the best option for General Motors, forced out its chief executive and told Chrysler to form an alliance with another car maker, while hopes for a new round of global stimulus spending looked likely to fall short of earlier expectations.
S&P 500 futures fell 18.4 points to 797.8 and Nasdaq 100 futures fell 21 points to 1,235. Dow industrial futures fell 173 points.
U.S. stocks, despite a weak Friday, enjoyed a strong week, with the Dow Jones Industrial Average up nearly 7% and the other major indexes rising around 6% as the U.S. Treasury announced a program designed to get a combination of public and private money buying the toxic assets from banks read more
S&P 500 futures fell 18.4 points to 797.8 and Nasdaq 100 futures fell 21 points to 1,235. Dow industrial futures fell 173 points.
U.S. stocks, despite a weak Friday, enjoyed a strong week, with the Dow Jones Industrial Average up nearly 7% and the other major indexes rising around 6% as the U.S. Treasury announced a program designed to get a combination of public and private money buying the toxic assets from banks read more
