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Market Update : 
U.S. Stock Futures Indicate Recovery
Author: Elena Todorova
123jump.com
Last Update: 9:00 AM EDT August 29 2007



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U.S. stock futures pointed to recovery Wednesday after a huge sell-off in the previous session, sparked by economic growth concerns and uncertainty whether the Fed will cut interest rates to stop credit turmoil from spreading further. On Wednesday, investors turned to bargain hunting on hopes that the stock market will soon overcome its volatility. Among companies in focus, Altria Group is expected to announce a spinoff of its cigarette business, Philip Morris International.

 

 

 

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