US Stocks Lower as Concerns Weigh

Tue, 07 Feb 2012 10:04:46 -0500

Spread betting and contracts for differences on US stocks

US stocks are lower today as concerns weigh on investors. Even though Greek leaders have come out and said that they will take steps to prevent a default, there are worries about what that entails.

However, even as Greek leaders try to figure out what to do in terms of austerity, protestors are heading out to express displeasure. Many remain upset that job losses and pension cuts are affect public sector workers, but lawmakers have been enjoying perks.

For now, US stocks are lower in early trading. The Dow is nearly 50 points down as Bernanke prepares to deliver remarks to Congress, and as Glencore and Xstrata prepare to merge. European stocks are lower as well today, with the FTSE 100, CAC 40 and DAX all down.

Interestingly, though, the US dollar is lower as high beta currencies receive some support on hopes that a Greek debt deal will get down.

US Markets | GFT Global Markets UK

US Stocks Lower as Concerns Weigh

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