Stock futures slipped Friday after lawmakers agreed on a financial regulation bill and the government lowered its estimate on how fast the economy grew in the first quarter.
Congressional negotiators reached agreement early Friday after an overnight session on an overhaul of the rules that govern banks and investment firms. The bill would regulate banks' ability to trade in derivatives, but the rules are less strict than investors had feared.
Derivatives are complex securities that companies and investors often use to hedge against losses. But some derivatives are purely speculative investments, and some of this type of derivatives have been blamed for …
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