October 10, 2014- Stocks Struggle with Global Concerns

Trading in the U.S. index futures suggests that Wall Street is still finding it tough to shake off the negative sentiment, as evidences on the global economic slowdown abound. With Germany, the biggest economy in Europe, releasing a trio of reports showing weakening growth, the fears compounded. Global cues are negative, with Asian stocks closing notably lower, while the European markets are also witnessing weakness. Commodities continue to grind lower on the muted growth outlook. The domestic markets, though may attempt to rebound on bargain hunting, could find the going tough, given the absence of any major catalysts, save some Fed speeches. The Dow futures are slipping 85 points, the S&P 500 futures are receding 8.25 points and the Nasdaq 100 futures are moving down 35 points. U.S. stocks succumbed to a wave of selling on Thursday, as global growth worries accentuated amid continuing nervousness over the pace of global economic growth, with the recent trigger being weak German exports data.