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Fred Imbert, John Melloy,Sam Meredith 4-6 minutes - Source CNBC U.S. stock index futures were slightly lower Thursday morning, as investors closely monitor the status of high-level trade talks between the world’s two largest economies. Around 5:50 a.m. ET, Dow futures indicated a negative open of more than 50 points. Futures on the S&P and Nasdaq were marginally lower. Market focus is largely attuned to global trade developments after a slew of conflicting reports around Thursday’s U.S.-China trade talks sent investors for a wild ride. The initial report that hit futures came from the South China Morning Post, which said the U.S. and China made no progress in deputy-level trade talks this week. The report added that higher-level talks with China’s Vice Premier Liu He would now be only one day, with the China delegation planning to leave Washington on Thursday instead of Friday as scheduled. The issue of forced technology t
THE WALL STREET JOURNAL previous Questions Swirl Around World Cup Crime Report June 11, 2010, 10:21 PM HKT Geeks in China, South Korea Fight ‘69 Holy War’ Much has been said about South Korean anger toward Beijing over China’s failure to make a timely expression of condolences for those killed in the Cheonan sinking, and its reluctance to accept the results of an international report that found Chinese ally North Korea responsible for the deadly incident. (See links here , here and here ). Reuters South Korean band Super Junior But the real battle between South Korea and China is being fought far from the halls of power in either Seoul or Beijing, and has nothing to do with the Hermit Kingdom. In what’s being called “69 Holy War” (more on that later), computer geeks on both sides of the Yellow Sea have been trading barbs and hack attacks for more than a week in an escalating cyberwar triggered by a boy
MarketWatch's top stories of the week By MarketWatch SAN FRANCISCO (MarketWatch) -- U.S. stocks had a roller coaster end to the week, falling enough on Friday to undo healthy gains from earlier in the week. The main driver in the market has been earnings and even though a lot of companies are beating analyst expectations with ease, very few are reporting results that show any true strength. Friday, a lot of the decline was attributed to a drop in oil and other commodities, which was triggered by a rise in the dollar. Stocks in the energy, materials and industrials sectors led the way lower. On Friday, the Dow Jones Industrial Average ( .DJI ) fell 109.13 points or 1.1% to close at 9,972.18. For the week the index fell 0.2%. The Nasdaq Composite Index ( .COMP ) dropped 10.82 points or 0.5% to close at 2,154.47 on Friday and logged a weekly decline of 0.1%. The broader Standard & Poor's 500 Index ( .SPX ) fell 13.31 points or 1.2% on the day to close at 1,079.60 fo