Down on Europe: Impatient Investors Send Futures Lower

[Stocks-to-Watch]

European stocks fell early Tuesday as Italian bond yields once again rose above 7%, a level that could make it virtually impossible for the country to service its debt. Spanish yields also rose to about 6.2%. Apparently, investors aren’t wiling to wait long for the new Italian government to consolidate power before raising questions about their ability to do the job.

The Stoxx Europe 600 was trading down about 1.5% early Tuesday, and had fallen 0.9% more recently. European financial stocks were trading lower, with UBS (UBS) off 2%.

Dow futures fell 82 points to 11,978; S&P 500 futures fell 9.2 points to 1,243.

Wal-Mart Stores (WMT) missed analysts’ earnings expectations, and shares slid 1.4% in pre-market trading. Home Depot (HD) beat expectations and shares rose 1.2%.



Original Article Source by Barrons.com