Tuesday, May 26, 2009

At the Opening Bell

The futures are on to slow start today. The S&P caseShiller Home Price Index, which tracks monthly changes within 20 metropolitan areas across United States, came in worse than expected. The consensus was 140. It is down from the previous reading 143. S&P 500 is down 4.7 and NASDAQ is down 9.

Meanwhile another bad news came from Germany. The GDP is down about 4%. The worst contraction in 40 years. The Xetra DAX 100 is down 85.37 points at 4833.08 points.