Wall Street stock index futures point to falls (Reuters)

Monday, May 23, 2011 3:01 AM By dwi

NEW YORK (Reuters) – U.S. have finger futures pointed to a modify unstoppered for Wall Street on Monday, with futures for the S&P 500, Dow Jones futures and Nasdaq futures down 1 to 1.1 percent by 5:20 a.m. EDT.

Concerns lingered over doable debt restructuring in Ellas and incident for other euro zone countries after Fitch downgraded Greece's debt ratings on weekday and S&P revilement the credit looking for Italia to perverse on Saturday.

Adding to the worries, Spain's judgement Socialists, reeling from losses in topical elections, today face a balancing behave between citizen emotion over sky-high unemployment and investor demands for strict nonindulgence measures.

Commodity prices were pressured by a panoptic rise in the dollar, as craving for riskier assets eased across the board.

On the economic front, the metropolis Fed domestic state finger for Apr is cod at 8:30 a.m. EDT.

Campbell Soup (CBP.N) will promulgation third-quarter results that are due to show earnings per deal (EPS) at $0.52 against $0.54 a assemblage ago.

U.S. stocks lapse on weekday on euro-zone debt worries, with retailers losing ground after a anaemic acquire looking from Gap.

U.S. merchandiser Wal-Mart Stores (WMT.N) is environment up a aggroup in author to intend treatment into Europe, The Independent on Sunday newspaper reported.

Foxconn Technology Co Ltd (2354.TW) on Sunday addicted that a third mortal has died mass a super explosion at a plant in southwestern China on weekday that topical media have linked to production of Apple's iPad 2.

In Europe, the pan-European FTSEurofirst 300 (.FTEU3) finger of crowning shares was down 1.5 percent at 1,118.66 points in early trade.

(Reporting by Harpreet Bhal; Editing by Will Waterman)


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