US stock futures fall on slower growth in China
Thursday, April 12, 2012
NEW YORK (AP) -- U.S. stock futures are falling on weak Chinese economic data and persistent tensions in eurozone debt markets.
Dow futures are down 77 points to 12,873 while the broader S&P 500 futures fell 8 points to 1,378. Nasdaq 100 futures were down 11 points to 2,727.
Concerns about the prospects for global growth remained the market focus after official data in China showed its economy grew at an 8.1 percent pace in January-March, its slowest pace in nearly three years.
Those worries coupled and concerns about European debt to were outweighing earnings from JPMorgan Chase and Wells Fargo & Co. that topped expectations.
A government report showed the U.S. consumer price index rose 0.3 percent in March because of rising prices for food and gasoline.