Friday, October 24, 2008

Trading Frozen On U.S. Futures Markets

Overnight, New York December Dow Jones futures were down 6.3 percent, Standard & Poor's 500 futures were off 6.6 percent and Nasdaq 100 futures were down 6.8 percent.

All three contracts lost the maximum amount permissible before the start of regular futures trading in the United States and are frozen from any further downsde tradng..

Both the New York Stock Exchange and Nasdaq said trading would open as normal at 9:30 a.m. EDT.

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