March 10, 2010
U.S. stock index futures pointed to a flat opening on Wednesday, amid concerns the Federal Reserve will keep raising interest rates and negative earnings outlooks.
Analyst Fired for Personal Trading
Susan Kalla, a well-known and widely quoted Wall Street stock analyst who accurately predicted the collapse of the telecommunications equipment sector in 2000, was fired by Friedman, Billings, Ramsey Group Inc. after an internal investigation into her personal stock trading, according to sources inside and outside the company with knowledge of the matter.
Stocks fall as China clamps down on bank lending
Investors' growing anxiety about China's attempts to slow its economy and disappointing earnings reports in the U.S. led to another selloff in stocks.
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