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News / Nation & World

Stock futures slide as investors continue sell-off

The Columbian
Published: August 19, 2010, 12:00am

NEW YORK (AP) — Stock futures are falling as investors continue a sell-off that began a day earlier over worries about the pace of economic recovery.

Investors are finding little reason to buy Friday. There are no reports due out that could negate Thursday’s disappointing news that growth in the domestic economy continues to slow.

With investors moving out of stocks, interest rates again dipped in the bond market.

Overseas markets are also falling, reacting to Thursday’s report that initial claims for unemployment benefits in the U.S. rose last week and manufacturing in the Mid-Atlantic region shrank.

Dow Jones industrial average futures are down 58, or 0.6 percent, at 10,177. Standard & Poor’s 500 index futures are down 6.80, or 0.6 percent, at 1,064.50, while Nasdaq 100 index futures are down 10.00, or 0.6 percent, at 1,810.00.

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