SmarTrend Market Close Wrap-Up — January 13, 2012
The major US equity indices closed lower Friday as the S&P downgraded a number of European sovereigns, including France. The futures dropped during the pre-market trading session following rumors of an S&P downgrade of the euro zone nations. In corporate news, Eastman Kodak (NYSE:EK) is currently in advanced talks with Citigroup (NYSE:C) to attain financing that would be used if the money-losing photography company files for bankruptcy protection.