U.S. stock futures fell sharply Tuesday morning, indicating a continuation of one of the worst Mays on record.
Bank of America Corp. (NYSE:BAC, $15.74, -$0.44, -2.72%) fell 1.27 percent to $15.54 on Tuesday morning pre-market trading session, even on last week of Friday, shares of Bank of America declined 2.72 percent, closed on $15.74 and BofA dropped 11.72 percent in the past one month trading.
Citigroup Inc. (NYSE:C, $3.96, -$0.06, -1.49%) dropped 1.52 percent to $3.90 on Tuesday morning pre-market trading session, even on last week of Friday, Citigroup shares were down 1.49 percent, closed on $3.96.
BP Plc switched to a new strategy to cap a leaking oil well in the Gulf of Mexico after a three-day effort to stop the flow with a blast of pressurized fluids was unsuccessful, Bloomberg reported. BP plc (NYSE:BP, $42.95, +$0.39, 0.92%) fell 13.36 percent to $37.21 on Tuesday morning pre-market trading session, while on last week of Friday, shares of BP Plc rose 0.92 percent, closed on $42.95.
American International Group refused Tuesday to lower the $35.5 billion price tag on its Asian operations, casting major doubt over the planned sale of the unit to the British insurer Prudential. American International Group, Inc. (NYSE:AIG, $35.38, -$1.08, -2.96%) dropped 3.93 percent to $33.99 on Tuesday morning pre-market trading session, even on last week of Friday, AIG shares were down 2.96 percent, closed on $35.38.
European budget airline Ryanair swung back to a full-year profit ahead of most rivals and expects earnings to grow further this year and unveiled its first-ever cash dividend to shareholders. Ryanair posted a net profit of €305.3 million, compared with a net loss of €169.2 million a year earlier and revenue rose 1.6 percent to €2.99 billion from €2.94 billion. Ryanair Holdings plc (NASDAQ:RYAAY, $23.54, -$0.22, -0.93%) rose 6.20 percent to $25.00 on Tuesday morning pre-market trading session, while on last week of Friday, shares of Ryanair fell 0.93 percent, closed on $23.54.
Hewlett-Packard Co. said Tuesday it will cut about 9,000 jobs and take $1 billion in charges over three years as it creates fully automated commercial data centers. Hewlett-Packard Company (NYSE:HPQ, $46.01, -$0.93, -1.98%) dropped 0.98 percent to $45.56 on Tuesday morning pre-market trading session, even on last week of Friday, Hewlett-Packard shares were down 1.98 percent, closed on $46.01.