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Tuesday
Dec062011

US Stock Futures Up as Global Markets Slip Amid S&P Warning

Comstock/Thinkstock(NEW YORK) -- U.S. stock futures are holding on to slight gains Tuesday morning despite a warning issued to euro zone nations that has sent global markets downhill.

Standard and Poor's announced late Monday that 15 members of the euro zone could be subject to a credit rating downgrade due to the debt crisis that has been plaguing the region.  The warning excluded Cyprus, which had already been placed under negative watch, and Greece.

The news rattled investors overseas, sending European stocks lower on Tuesday and causing Asian ones to close down.  Japan's Nikkei index tumbled 1.39 percent, Australia’s S&P/ASX 200 dropped 1.37 percent, Hong Kong’s Hang Seng fell 1.24 percent, South Korea’s Kospi lost 1.04 percent, and China's Shanghai Composite slipped 0.31 percent.

Copyright 2011 ABC News Radio

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