US STOCKS-Futures off after Goldman; Citi results eyed

* Goldman fraud charges makes investors uneasy

* Citigroup earnings on tap

* Hasbro results beat expectations, shares rise

* Futures off: Dow 55 pts; S&P500 5.5 pts; Nasdaq 9.75 pts
(Updates prices, adds quote, byline)

By Rodrigo Campos

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

Bank stocks will be in focus following a steep decline
Friday after U.S. regulators charged Goldman Sachs Group Inc
(GS.N: ) with fraud related to the sale of investments tied to
subprime mortgages. For details see [ID:nN16131161].

Goldman shares were little changed in premarket trading
after falling nearly 13 percent Friday. The Select Sector SPDR
Financial ETF (XLF.P: ) dropped almost 1 percent early Monday.

“It’s all about the aftershocks of the Goldman news, which
will continue to weigh,” said Peter Cardillo, chief market
economist at Avalon Partners in New York.

Questions surrounding Goldman were increasing chances of
tougher financial reforms as politicians in the United States
and Europe called for closer scrutiny and tighter rules for
banks, which could hurt profits. [ID:nN18153952]

S&P 500 futures (SPc1: ) fell 6.5 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 55
points, and Nasdaq 100 futures (NDc1: ) dropped 9.75 points.

Germany and the U.K. will seek details from the SEC about
Goldman’s activities ahead of possible legal steps against the
banking powerhouse.

U.S. Treasury Secretary Timothy Geithner said Sunday he was
confident lawmakers will bridge partisan differences on
overhauling financial regulations and pass a bill that protects
taxpayers from financing future bailouts.

Investors will also eye quarterly earnings from Citigroup
Inc (C.N: ), which is due before Wall Street opens.

Hasbro Inc (HAS.N: ) shares jumped 5 percent to $41.80 in low
premarket volume after the toymaker reported a
larger-than-expected quarterly profit. [ID:nN19229386]

“Earnings can help cushion a severe decline, but the
overall trend is the next few days is lower,” Cardillo said.

Among other companies set to to report are International
Business Machines Corp (IBM.N: ), Eli Lilly and Co (LLY.N: ), M&T
Bank Corp (MTB.N: ) and Zions Bancorp (ZION.O: ).

Airlines will be in the spotlight as widespread disruptions
swept across European and U.S. airports due to a volcanic ash
cloud that forced the cancellation of tens of thousands of

Investor risk aversion also hit the euro in favor of the
low-yielding yen, while 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

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

Penny Stocks
(Editing by Jeffrey Benkoe)

US STOCKS-Futures off after Goldman; Citi results eyed