U.S. Stock Futures Decline on Concern About Fiscal Cliff, GreeceSubmitted by emalvini on Tue, 11/13/2012 - 16:24
U.S. Stock Futures Decline on Concern About Fiscal Cliff, Greece
Nikolaj Gammeltoft and Adria Cimino, ©2012 Bloomberg News
Published 7:52 a.m., Tuesday, November 13, 2012
Nov. 13 (Bloomberg) -- U.S. stock futures dropped as concern mounted that the so-called fiscal cliff will harm the economy and as euro-area finance ministers and the International Monetary Fund failed to agree on how Greece will repay its debt.
Microsoft Corp. slipped 4.5 percent after saying its Windows president is departing. AK Steel Holding Corp. slid 11 percent as it forecast a wider-than-expected fourth-quarter loss with a decline in prices for the last three months of the year. Home Depot Inc., the largest U.S. home improvement retailer, gained 1.9 percent as its profit beat estimates.