US futures follow European indexes lower
Sunday, October 2, 2011
NEW YORK (AP) -- U.S. stock futures are following European stocks lower on the first day of the new quarter.
European indexes fell broadly on new concerns about the possibility of Greece defaulting on its bonds. The country's government said Sunday said that it will miss its deficit reduction targets the next fiscal year. Benchmark indexes in Germany, France, and Spain fell more than 2 percent.
In the U.S., investors will be looking at a key manufacturing index and construction spending figures that will be released after the market opens.
At 7:30 EST, Dow Jones industrial average futures were down 35 points, or 0.3 percent, to 10,806. S&P 500 futures were down 4, or 0.3 percent, to 1,122. Nasdaq 100 futures were down 13, or 0.6 percent, to 2,121.