Analysis:
- Oils proce dropped.
- European markets tank.
- Asian markets darkened.
News:
U.S. stock futures slipped Thursday, as Standard & Poor's move to lower the credit-rating outlook on Britain raised fears that a downgrade of the U.S. government's debt rating could be coming soon as well.
Data released Thursday showed continuing claims rising by 75,000 in the latest week, though initial claims dropped by 12,000. Still to come are releases on a Philadelphia-area manufacturing gauge for May and leading economic indicators for April that are due at 10 a.m.
Opinion:
- Down big
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