U.S. equity futures Stocks fell After Ireland Aid Package Agreement

U.S. equity futures Stocks fell as the rescue of Ireland, not to alleviate their concerns about the debt crisis of Europe, offsetting optimism about increased spending in the first weekend of the holiday shopping season.

American Express Co. and McDonald's Corp. were among the biggest drops in the Dow Jones Industrial Average in early trading. Amazon.com Inc. gained 1.4 percent after the National Retail Federation reported a 6.4 percent increase in retail sales last weekend.

500 Standard & Poor's Index expiring in December fell 0.3 percent to 1179.60 as of 9:05 am in New York. Dow Jones futures down 0.2 percent at 11.005. Future of Nasdaq-100 Index lost 0.2 percent to 2,141.25.

"It seems that there are many things that annoy the market," said William E. Stone, who oversees about $ 105 million as chief investment strategist for PNC Wealth Management in Philadelphia. "There is concern about the financial crisis affecting European economies healthier and viability of the euro. In the U.S., we have a decent batch of numbers in retail to keep the ball in motion. However, I'm not sure the market is going to be happy with almost anything at this time. "

The S & P 500 has fallen 3 percent since reaching a maximum of two years on 5 November amid concern the sovereign debt crisis will spread to southern Europe and speculation that China will increase interest rates to control inflation. Shares extended their losses on 23 November after North Korea bombed a South Korean island.

World stocks

Global stocks have fallen for three consecutive weeks, pushing the MSCI World Index down 4.5 percent from 05 November, the concern of the European sovereign debt crisis that took Greece and Ireland in search of aid is spreading. bond yields soared to ten years in Portugal, Spain and Italy last week while the euro fell to $ 1.3241 against the dollar, from $ 1.4282 on Nov. 4.

Ireland, flooded by the bursting of a housing bubble a decade and unemployment is about 14 percent, became the second country to take advantage of European aid. The government said it would pay an average interest of 5.8 percent in the package, which breaks down to 45 million euros (60 billion) of European governments, 22.5 billion International Monetary Fund and 17 5 million euros of cash reserves of Ireland and domestic pension funds.

American Express, the largest issuer of credit cards for purchases, fell 0.3 percent to $ 42.14. McDonald's Corp., the biggest restaurant chain, fell 0.7 percent to $ 78.02.

Retailers

Retailers won. Amazon.com, the largest online retailer, rose 1.4 percent to $ 179.92. Abercrombie & Fitch Co., the clothing store for teens added 1 percent to $ 48.94.

The average American buyer spends 6.4 percent more than last year during the weekend, the NRF said yesterday. Retail sales in the U.S. Weekend Thanksgiving was $ 45 billion, the Washington-based group said, citing a survey conducted by BIGresearch. The number of customers shopping on Thanksgiving Day more than doubled in the last five years, the group said.

"In general, early signs show a year-over-year pick-up in retail spending, with consumers highly motivated lot, but spending more on themselves and have some of the pent-up demand," wrote a research team Macquarie Group Ltd. in a report today.

Reports on manufacturing and payroll are among this week's releases that may shed light on whether a rebound in U.S. economy falters.