JPMorgan Chase & Co. (JPM) and Citigroup Inc. (C) fell. Regeneron Pharmaceuticals Inc. (REGN) dropped 2.9 percent after the stock was downgraded at Piper Jaffray & Co.
Futures (SPH2) on the Standard & Poor’s 500 Index expiring in March dropped 0.5 percent to 1,332.30 as of 8:59 a.m. in London. Dow Jones Industrial Average futures expiring the same month fell 53 points, or 0.4 percent, to 12,740 today.
U.S. stocks rose last week, giving the Standard & Poor’s 500 Index a fifth straight weekly advance, after reports showed employment in the world’s largest economy topped forecasts and global manufacturing is strengthening.
European leaders maintained pressure on Greece to accept terms demanded by international lenders during a weekend of talks to avert a financial collapse. Interim Greek Prime Minister Lucas Papademos struck a tentative deal with party leaders to boost economic competitiveness and extend spending cuts after euro-area finance chiefs told them an increase in the 130 billion-euro ($170 billion) aid package wasn’t forthcoming.
The leaders in Athens will meet today aiming to complete an accord on budget cutting measures. Greek Finance Minister Evangelos Venizelos told reporters Feb. 4 that negotiations in Athens for more funding hung “on a razor’s edge.” In Paris, German Chancellor Angela Merkel and French President Nicolas Sarkozy meet today for a joint Cabinet meeting.
JPMorgan fell 0.3 percent to $38.15 in pre-market trading. Citigroup dropped 0.9 percent to $33.23 in German trading. Regeneron slid 2.9 percent to $94.02 in German trading after the stock was downgraded to “neutral” from “overweight” at Piper Jaffray. For the latest updates on the stock market, visit Stock Market Today
us stock market february 6 2012, will stock futures feb 6 2012, dow jones feb 6 2012, Citigroup Inc stock prices feb 6 2012, JPMorgan stock futures feb 6 2012 For the latest updates PRESS CTR + D or visit Stock Market news Today
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