Wall Street had a bad day on Wednesday, and initial signs from Thursday morning suggested that further declines might be in store. The ongoing churning in the stock market is having a negative impact on investor sentiment, and short-term traders in particular are losing their nerve and looking for gains on the downside. S&P 500 (SNPINDEX: ^GSPC) futures dropped 44 points to 3,879, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures were lower by 140 points to 11,795.
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