Stocks Set for Much Weaker Open

NEW YORK (TheStreet) -- Stock futures pointed to a much weaker open Friday as eurozone contagion fears heightened and markets focused on Portugal's sovereign debt situation.

Futures for the Dow Jones Industrial Average were down by 100 points, or 109 points below fair value, at 11,055. Futures for the S&P 500 were 13 points lower, or 13 points below fair value, at 1184 and Nasdaq futures were down by 22 points, or 24 points below fair value.

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