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The Dow Jones industrial average dropped more than 90 points Thursday in part on fears that the crisis in Cyprus will intensify. But it rebounded and erased the loss on Friday. Late Sunday, Dow Jones industrial futures were up 42 points to 14,501. The broader S&P futures added 6 points to 1,558.00 and Nasdaq futures rose fractionally as well. Japan's benchmark Nikkei 225 gained 1.35 percent to 12,505.51 in early trading. ING's Cavanaugh said she's still concerned that the U.S. economy, with recent weak corporate earnings, may be hurt by economic troubles in Europe. She's advising investors to be defensive, staying in the market but moving some of their portfolios into bonds.
[Associated
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