Economics
U.S. Stock Index Futures Drop on Global Growth Concerns
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U.S. stock-index futures fell amid a sell-off in Asian and European equity markets as investor pessimism grew on global growth concerns. U.S. negotiators head to Beijing for more talks later this week. Apple is set to unveil streaming video and news subscriptions.
Futures contracts on the S&P 500 Index were down 0.3 percent at 04:40 a.m. in New York, after the underlying gauge slumped 1.9 percent on Friday, a casualty of a flattening yield curve and concerns that the global economy was slowing down. Contracts on the Dow Jones Industrial Average and Nasdaq 100 were down 0.2 percent and 0.4 percent respectively. The Stoxx Europe 600 Index fell 0.7 percent in early trade in a broad-based retreat.