NEW YORK (AP) — Stock futures are falling following reports that China is again forcing banks to hold more reserves to slow lending.
Traders are also preparing for the Federal Reserve to release minutes from its September meeting Tuesday. The details of the meeting could provide clues about the central bank’s widely expected plans to further stimulate the economy through bond purchases.
Strong economic growth in China has helped large international companies continue to grow even though the U.S. economy remains sluggish. Cooling China’s economy could further dampen global demand.
Dow Jones industrial average futures are down 59, or 0.5 percent, at 10,904. S&P 500 futures are down 8, or 0.7 percent, at 1,155, while Nasdaq 100 futures are down 16, or 0.8 percent, at 2,010.
