U.S. Stock Futures Decline as ECB Cuts Growth Forecasts

U.S. stock futures fell as the European Central Bank cut its growth forecasts, citing “downside risks.”

Standard & Poor’s 500 Index futures fell 0.2 percent to 1,405.7 at 8:49 a.m. New York time.

“Weak economic activity is expected to continue into next year,” ECB President Mario Draghi said in Frankfurt today. He said “a gradual recovery” should start later in 2013.

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