US stocks point lower; 6th down week looks likely


In this photo taken May 31, 2011, trader Gregory Rowe, right, works on the floor of the New York Stock Exchange. Global growth concerns weighed on stocks again Friday, June 10, while the euro was hurt by a sharp disagreement in Europe over how to deal with Greece’s debt crisis. (AP Photo/Richard Drew)

U.S. stock futures are pointing to a lower open a day after the markets broke a six-session losing streak.

Stocks have suffered this month as a raft of weak economic news dampened hopes about the pace of the global economic recovery. But shares rose Thursday after a report that U.S. exports hit a record in April. They are up about 20 percent over the past year.

Stocks are likely to mark their sixth down week in a row unless they recover sharply on Friday.

Ahead of the opening bell, Dow Jones industrial average futures are down 37 points, or 0.3 percent, at 12,002. Standard Poor’s 500 futures are down 4, or 0.3 percent, at 1,278. Nasdaq 100 futures are down 6, or 0.3 percent, at 2,243.

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From: http://us.rd.yahoo.com/finance/news/rss/story/*http://us.rd.yahoo.com/finance/news/topnews/*http://biz.yahoo.com/ap/110610/us_wall_street.html

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