News Column

S&P Drops Below 2,000 as U.K. Raises Terror Threat Level

August 29, 2014

Tim Biggam, Benzinga Lightning Feed

While the initial news of the U.K. raising the terror threat level to "severe" based on new intelligence was first reported at 9:24 EST, the market didn't react negatively until British Prime Minister David Cameron began talking at 9:50 a.m. ET.

The S&P 500 futures, which had made an all-time high before the opening at 2003.75, have subsequently fallen back below the psychologically key 2000 level.

Volume is light in front of the three-day Labor Day weekend.

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Original headline: S&P 500 Futures Back Below 2000 After British Terror Level Raised To 'Severe'


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Source: © 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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