Pre-Market Stock Futures Gapping Down Sharply Nasdaq, Dow, S&P 500

Date: 8/11/2010

Equity futures are trading sharply lower this morning, with S&P futures -14 vs. fair value and DJ futures -116. While the initial U.S. market reaction to yesterday's FOMC policy directive was positive, helping the major averages recoup a portion of their losses, overseas markets have responded negatively and are mostly lower.

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