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Market Comments & Wrap-Ups
- 2/8/2010 7:35:05 AM
By Chip Brian, SmarTrend Analytics Team
Last updated February 8, 2010: 7:30 AM ET --- U.S. stock futures are trading lower Monday after major indexes posted their fourth consecutive decline. Over the weekend, the Group of Seven met and said that the global economy has improved overall. They are leaving it up to Europe to solve problems over Greece's deficit. In corporate news, Hasbro (NYSE:HAS) reported Q4 EPS of $1.09, topping consensus estimates of $0.81. Revenues for the quarter rose 11.7% year-over-year to $1.38 billion, besting consensus estimates of $1.34 billion. CIT (NYSE:CIT) will be in the spotlight after the company named ex-Merrill Lynch CEO John Thain as its leader. The Dow Jones Industrial Average (DJI) futures are trading 15.00 points below fair value, the S&P500 (INX) futures are trading 1.70 points below fair value, and the Nasdaq Composite (IXIC) futures are trading 2.75 points below fair value.
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