Stock futures down on economy, bank regulation

By: Tim Paradis
By: Tim Paradis

NEW YORK (AP) - The stock market is headed to a slightly lower
opening as twin concerns, the economy and financial regulation, are
making investors uneasy about investing in companies.

Congressional negotiators have agreed early Friday on a bill that overhauls the rules that govern banks and investment firms. The bill softens a measure that could have stripped banks of their ability to trade in derivatives. But futures show that investors are still unsure about the legislation.

Investors are also cautious after the latest economic reports have raised doubts about the strength of the recovery.

Dow Jones industrial futures are down 5 at 10,094. Standard & Poor's 500 futures are down 0.30 at 1,070.20 and Nasdaq 100 futures are down 10.5 at 1,839.0.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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