May 23, 2011

Futures drop on euro-zone debt concerns

Stock index futures fell on Monday on worries about the euro-zone debt crisis after Standard & Poor's cut Italy's rating outlook and Spain's ruling Socialists suffered a setback in elections. Adding to the worries, Spain's Socialists, reeling from losses in local elections, now face a balancing act between voter anger over sky-high unemployment and investor demands for strict austerity measures.

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