Thursday, July 26, 2007

US STOCKS-Futures tumble on oil, housing, credit worry

(Reuters) - NEW YORK, July 26 - U.S. stock futures slid on
Thursday, putting Wall Street on course to drop at the open, as
global equities fell on concerns over rising oil prices,
deterioration in housing and a worse climate for deal
financing.




S&P 500 futures were down 16.70 points, below fair
value, a mathematical formula that evaluates pricing by taking
into account interest rates, dividends and time to expiration
on the contract.


Read more at Reuters.com Bonds News

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