U.S stocks index futures wicket is down and their back-stage performance is quite dull. The futures fell as the UBS AG stated that a slowdown in the orders may curb profits and investors speculated that service industries in the world’s largest economy contracted for a third straight month. Standard & Poor’s 500 index futures fell by 0.4 percent. Dow Jones Industrial Average Futures dropped by 31 points. Futures pointed to a second straight decline for the S&P 500 after the benchmark for american equities posted its best start to a second quarter in 70years. Fed Reserve acknowledged the nation may be in recession but it is stated that the current financial crisis is worst than the greatest depression in the economy.
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