Bracing for another day of struggle

Futures weak amid ongoing concerns about problems in mortgage sector; sale of Home Depot unit in question.

August 24 2007: 5:08 AM EDT

LONDON (CNNMoney.com) -- U.S. stocks are set for another day of struggle Friday after renewed credit fears derailed an early rally the previous session.

At 4:51 a.m. ET, Nasdaq and S&P futures were lower, with a comparison to fair value pointing to a weak start for Wall Street.

Investors built up confidence Thursday after troubled mortgage lender Countrywide Financial (Charts, Fortune 500) scored a $2 billion investment from Bank of America (Charts, Fortune 500), but they couldn't shake ongoing concerns about the credit markets, and stocks ended the session slightly lower.

Home Depot's (Charts, Fortune 500) sale of its wholesale distribution unit to three private equity firms also is in question, which could exacerbate investor worries. Negotiations over financing has turned hostile, the Wall Street Journal reported. The price of the sale has already been slashed amid the credit crunch.

Wall Street's weak performance spilled over to Asia, where stocks fell on Friday. In Europe, major markets struggled in morning 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.