U.S. Stock Futures Decline on Concern Egypt May Slow Recovery
Bloomberg/Jan 30
U.S. stock-index futures fell, indicating the Standard & Poor’s 500 Index may extend the biggest decline since August, as investors speculated Egypt’s crisis will slow the global recovery… “The situation in Egypt is the catalyst for a downturn,” said James Paulsen, chief investment strategist at Minneapolis- based Wells Capital Management, which oversees about $340 billion. “We have a market that is vulnerable to a technical correction. There’s an investor mindset that’s been expecting that to happen for a while now, given where the market is and how fast it’s come up.”