Stocks poised for weak open

Futures slip amid fears of widening credit fallout; takeover battle for Yahoo in focus.

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February 11 2008: 5:52 AM EST

Great time to buy
The market is down, which means it could be a good time to purchase stocks.

LONDON (CNNMoney.com) -- U.S. stock futures fell early Monday as credit concerns stalked the market and investors eyed sharp declines overseas.

At 4:47 a.m. ET, Nasdaq and S&P futures were indicating early losses for Wall Street.

U.S. stocks racked up heavy losses last week as investors were unable to shake off worries about the economy and credit crisis.

Investors overseas have been glum as well. In Asia, Hong Kong stocks finished the session sharply lower. Japanese markets were closed for a holiday. European stocks opened slightly lower.

Stocks to watch include Yahoo (YHOO, Fortune 500), which reportedly is set to reject Microsoft's (MSFT, Fortune 500) unsolicited $31-a-share takeover bid. The Internet giant is expected to say the offer undervalues the firm, according to published reports.

As Yahoo tries to fend off the Microsoft approach, it is planning to resume merger talks with Time Warner (TWX, Fortune 500) unit America Online, according to the Times of London. The newspaper said the company is also exploring tie-ups with Google (GOOG, Fortune 500) or Walt Disney (DIS, Fortune 500). CNNMoney.com is a unit of Time Warner. To 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.