
U.S. stocks got hammered Tuesday, after Standard & Poor's downgraded Greece to junk status and also lowered the boom on Portugal's credit rating.It closed below 11k mark to close at 11,992 down by 213 points.Dow has given a sell signal on big volumes.For the sell signal to go it should close above 11060 in todays trade.Dow futures is indicating a positive start for Wednesday 28th April 2010.S&P 500 futures rose 4.3 points to 1,185.30 and Nasdaq 100 futures rose 6.75 points to 2,015.50. Futures on the Dow Jones Industrial Average rose 31 points. Southern Europe again was the focus of investors, with Spain's IBEX 35 down over 2% in midday trade.Risk aversion appears to be increasing, with gold and the dollar picking up simultaneously again and equity markets nose-diving.
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