Stock futures little changed a day after big gains
Wednesday, November 30, 2011
NEW YORK (AP) -- U.S. stock futures are little changed Thursday, a day after the Dow Jones industrial average had it biggest gain in more than two years.
The euphoria over Wednesday's move by major central banks to cut borrowing costs has worn off a bit. In Europe most stock markets are slightly lower. Investors are once again seeking signs that European leaders can find a solution to the debt crisis there.
On Wednesday, the central banks' move sent the Dow soaring 490 points, or 4.2 percent, the largest gain since March 2009 and the seventh-largest of all time. The Standard & Poor's 500 closed up 4.3 percent.
Less than two hours before U.S. markets open, Dow futures are up 11 to 12,045. Futures for the broader S&P 500 are down 1 to 1,245.