CNN/Money  
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Markets & Stocks
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Stocks look for a save
Major indexes likely to fall for second straight week unless higher futures lead to strong finish.
November 21, 2003: 8:25 AM EST

NEW YORK (CNN/Money) - U.S. markets could be poised to close out a second straight losing week Friday, but early indications point to a strong opening that could at least mitigate some of the declines.

At 8:25 a.m. ET, futures pointed to a solidly higher open for the major indexes.

The Dow Jones industrial average enters the final day of the trading week down by more than 149 points after a 0.7 percent decline Thursday that followed a new wave of bombings in Turkey, so it would take about a 1.5 percent rally to move into positive territory.

 
For details on Thursday's tumble, click above

The road's a little tougher for the Nasdaq composite index; it's more than 48 points lower for the week after a 0.9 percent retreat Thursday, meaning it would need about 2.5 percent to climb into the black (see chart for details).

Asian-Pacific stocks ended mostly lower, with Tokyo's Nikkei index down 0.1 percent. European markets were little changed in morning trading. (Check the latest on world markets)

Among U.S. stocks trading in Europe, Walt Disney (DIS: Research, Estimates) was unchanged. The media company reported much better than expected fiscal fourth-quarter earnings, aided by the summer success of the films "Finding Nemo" and "Pirates of the Caribbean: The Curse of the Black Pearl."

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Treasury prices edged lower in early trading, sending the 10-year note yield up to 4.16 percent from 4.15 percent late Thursday. The dollar slipped against the yen, but was slightly stronger versus the euro.

Brent oil futures gained 27 cents to $29.83 a barrel in London, where gold was slightly higher in early trading.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.