Wednesday,  December 11 , 2024

Linkedin Pinterest
News / Nation & World

Stocks look to recover after Tuesday’s plunge

The Columbian
Published: February 23, 2011, 12:00am

NEW YORK (AP) — Stocks are looking to make a comeback a day after the steepest fall this year by key market indicators.

All three major indexes are pointing to a higher opening Wednesday. That comes after stocks plummeted Tuesday as Libyan leader Moammar Gadhafi clung to power in the face of mounting protests.

Investors are also weighing earnings reports Wednesday from Lowe’s Cos. and Toll Brothers Inc.

Ahead of the opening bell, Dow Jones industrial average futures are up 45, or 0.4 percent, at 12,228. S&P 500 index futures are up 5, or 0.4 percent, at 1,319. Nasdaq 100 index futures are up 11, or 0.5 percent, at 2,333.

On Tuesday, the Dow Jones industrial average fell by 178 points — its biggest drop since Nov. 16. The S&P 500 index fell by the largest amount since Aug. 11.

Support local journalism

Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.

Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.

Community Funded Journalism logo
Loading...