Profit Taking Likely To Contribute To Continued Weakness - RTTNews Daily Market Analysis

(RTTNews) - The major index futures are currently indicating a notably lower open for stocks on Friday, with the markets likely to see some further downside after closing lower in each of the two previous sessions. With no major economic data on tap for the day, traders have looked to corporate news, including disappointing quarterly results from Dell (DELL). Traders may also continue to cash in on the recent strength in the markets that lifted the major averages to their best closing levels in over a year earlier in the week.

Stocks saw substantial weakness during trading on (continued...)