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Updated: 02/10/2008 | 07:23 AM IST
US stock futures edge lower after bailout vote
Associated Press
Thursday, October 02, 2008 (New York)
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Wall Street is reacting cautiously to the Senate's passage of the banking bailout plan. Stock index futures, which give an indication of how trading will proceed when the market opens on Thursday, are down moderately after the vote.

Dow Jones industrial average futures are down 48, or 0.44 percent, at 10,839.

Investors may be taking a wait-and-see approach until the House votes on the plan on Friday. It was the House's defeat of the plan Monday that sent the Dow plunging 778 points.

But the caution may also be due to the fact that passage of the plan wouldn't immediately erase the problems in the financial system, including credit markets that are currently stagnant.

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Hemen Kapadia
Hemen Kapadia
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The counter is in the heavily oversold zone
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