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US stock futures fall on global economic worries

The Columbian
Published: August 15, 2011, 5:00pm

NEW YORK (AP) — U.S. stock futures are falling with more evidence pointing to a slowing global economy.

On the day that leaders from France and Germany are meeting in Paris, a European Union report is showing that economic growth in the 17 countries that use the euro sagged to 0.2 percent in the second quarter.

In the U.S., Home Depot and Wal-Mart Stores both reported earnings that beat analyst expectations.

Later Tuesday morning, economists expect a report to show that U.S. industrial production rose in July, which could help ease jitters.

Two hours ahead of the opening, Dow Jones industrial average futures are down 99, or 0.9 percent, to 11,304. S&P 500 futures are down 15.10, or 1.3 percent, to 1,183.30. Nasdaq 100 futures are down 25.50, or 1.2percent, to 2,181.

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