European

25 Oct

Market Update: 24 Oct 2008

Posted by cahn in China, European, Finance, finance, http://finance.yahoo.com/marketupdate/overview?u, Japan, London, macro concerns, Microsoft, Microsoft Corporation, oil, Oil prices, Organization of Petroleum-Exporting Countries, United Kingdom, US, USD

4:30 pm : Stocks may have closed with substantial losses Friday, but the extent of the downturn was far better than many initially feared.

Index futures were limit down ahead of the session's opening bell, which occurs when trading is halted in order to pace losses amid frantic selling efforts. That had participants spooked and anticipating a large scale sell-off.