U.S. Futures Extend Decline Amid Shutdown, Bank-Earnings Worries
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U.S. stock-index futures extended declines on caution ahead of major bank earnings and no signs the longest partial government shutdown in modern history is ending. European stocks followed Asian equities lower after China trade data disappointed.
Futures contracts on the S&P 500 Index fell as much as 1.1 percent as of 10:30 a.m. in London after the gauge closed little changed Friday. Contracts on the Nasdaq 100 Index declined as much as 1.3 percent, and those on the Dow Jones Industrial Average slid as much as 1.1 percent. The Stoxx Europe 600 dropped before the U.K. Parliament votes on Prime Minister Theresa May’s Brexit deal Tuesday with technology and health care companies among the biggest decliners.