Tuesday, May 5, 2009

U.S. Stock Futures Decline on Bank of America Capital Concern

U.S. stock-index futures fell as people familiar with the matter said Bank of America Corp. has the largest need for new capital among the 19 biggest U.S. banks subjected to stress tests.

June futures on the Standard & Poor’s 500 Index fell 1.2 percent to 892.40 as of 9:58 a.m. in Hong Kong. The benchmark gauge closed at 903.80 yesterday. Dow Jones Industrial Average futures dropped 1.1 percent.