US stock futures sink after London blasts

WASHINGTON - US stock futures signaled a sharply lower opening Thursday after a series of deadly blasts in London roiled financial markets.
Ahead of the opening, futures trade signaled a drop in the Dow Jones Industrial Average of 136 points to 10,152. The Nasdaq and Standard and Poor's 500 futures contracts also slid.
"Right now it's a wait and see attitude, you want to see how the market opens today," said Randy Nappi, analyst at Marblehead Asset Management.
Nappi said certain sectors including travel would be in focus, while any firms linked to homeland security would likely be higher.
"The main focus will be the travel sector, from airlines, which will go down, to hotels ... you could even look at Disney," he said.
"Everything that has to do with travel for the summer. People are going to think twice about going overseas now with events like this, especially in July."

07/07/2005 12:28 GMT