Topic: KBW Bank Index
US stocks closely watched as S&P breaks through key technical level. Futures suggest a slight rise in US stocks at the open.
Tech stocks fell on news that chipmaker Intel, a bellwether for tech stocks, cut its profit outlook. Moody's says it plans to review EU sovereign debt ratings, adding to the general market gloom.
Faulty mortgage loans were a major contributor to the recession and now a US regulator is suing 17 big banks for their role in those faulty loans.
The Dow plummeted by more than 2 percent on Wednesday, losing about 279 points, after Moody's cut Greece's bond ratings