Markets Bracing For Sell-off on Geopolitical Concerns
The major U.S. index futures are pointing to notably lower opening on Thursday, with the negative mood exacerbated by fears of a hit to global growth. After Greece, the Middle East is back on the radar, with Yemen being the epicenter of the strife in the region. Saudi Arabia and a few regional allies have begun air strikes against the Houthi rebels in Yemen, who recently overthrew the nation’s president last month.
3/26/2015 4:26:42 PM After recovering from an early move to the downside, stocks turned in a lackluster performance throughout the remainder of the session on Thursday. The major averages spent the rest of the day bouncing back and forth across the unchanged line before closing modestly lower.