US STOCKS-Futures down on Goldman worries, Citi results eyed

* Goldman fraud charge makes investors uneasy

* Citigroup earnings on tap

* Futures off: Dow 48 pts; S&P500 6.6 pts; Nasdaq 9.75 pts

NEW YORK, April 19 (BestGrowthStock) – U.S. stock index futures
fell on Monday as lingering concerns over fraud charges against
Goldman Sachs (GS.N: ) weighed on investor sentiment.

* Bank stocks are expected to be in focus, following a
steep decline Friday after Goldman was charged with fraud by
the U.S. Securities and Exchange Commission in the structuring
and marketing of a debt product tied to subprime mortgages. For
details see [ID:nN16123404].

* Investors will eye further quarterly corporate earnings,
with Citigroup (C.N: ) expected to post results before Wall
Street opens.

* Questions surrounding Goldman were increasing the chances
of tougher reform of financial regulations as it was seized on
by politicians in the U.S. and Europe as a reason for closer
scrutiny or tighter rules for banks, which could hurt their
profits. [ID:nN18153952]

* U.S. Treasury Secretary Timothy Geithner on Sunday
expressed confidence that lawmakers will bridge partisan
differences on the overhaul of financial regulations and pass a
bill that protects taxpayers from financing future bailouts.

* S&P 500 futures (SPc1: ) fell 6.6 points and were below
fair value, a formula that evaluates pricing by taking into
account interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures (DJc1: ) lost 48
points and Nasdaq 100 futures (NDc1: ) dropped 9.75 points.

* Among other firms reporting on Monday are IBM (IBM.N: ),
Eli Lilly (LLY.N: ), Halliburton Co (HAL.N: ), M&T Bank Corp
(MTB.N: ) and Zions Bancorp (ZION.O: ).

* Airline companies are also set to be in the spotlight, as
widespread disruptions swept across European airports due to a
volcanic ash cloud that has forced carriers to cancel tens of
thousands of flights in and out of Europe.

* Investor risk aversion also tackled the euro in favor of
the low-yielding yen. The U.S. dollar index (Read more about the global trade. ) .DXY>, a gauge of
the greenback against a basket of currencies, rose 0.5
percent.

* U.S. data set for release on Monday include the
Conference
Board’s Leading Indicators for March, due at 10 a.m. (1400
GMT).

Stock Report

(Reporting by Rodrigo Campos, editing by W Simon )

US STOCKS-Futures down on Goldman worries, Citi results eyed