US futures head lower on Europe's bind
Monday, June 4, 2012
NEW YORK (AP) -- U.S. stock futures are sliding along with investor confidence in the ability of the world's economic leaders to unravel Europe's worsening debt crisis.
Dow Jones industrial average futures are down 2 points to 12,061. Standard & Poor's 500 futures are down 2 points to 1,271 and Nasdaq futures have fallen 3 points to 2,466.
Finance ministers and central bank presidents of the world's seven wealthiest countries will hold an emergency conference call Tuesday to find a solution to Europe's economic woes. European markets are mixed.
Later Tuesday, economists expect the Institute for Supply Management to report that U.S. service companies, which employ roughly 90 percent of the workforce, expanded at the same rate in May as they had in April.