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| TRADING CENTER |
Recovery put to the testWall Street will try to keep up momentum after mounting a dramatic comeback; Asian markets plunge.LONDON (CNNMoney.com) -- U.S. stocks will try to keep up their momentum Friday after staging a stunning comeback the previous session, although a plunge in Asian markets could keep investors on edge. At 4:46 a.m. ET, Nasdaq and S&P futures were lower, with a comparison to fair value pointing to a mixed start for Wall Street. After the major U.S. gauges fell as much as 10 percent from their 2007 highs on Thursday, stocks made a dramatic recovery. The Dow erased most of its losses to end the session only slightly lower. Despite Wall Street's recovery, Asian markets tanked. Japan's Nikkei index fell 5 percent, posting its worst day since the Sept. 11 attacks. Markets in Europe were mostly higher in early trading. In major corporate news, Dell (Charts, Fortune 500) said late Thursday that it would restate four years of financial results. Meanwhile, rival Hewlett-Packard reported a 29 percent jump in quarterly profit. |
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