NEW YORK (AP) — Stock futures are falling, pointing to a lower opening, following sharp declines in major foreign indexes as concerns about a stagnating global recovery grow.
Overseas markets are tumbling Tuesday after a new report showed Britain emerged from recession slower than expected. Investors were also worried about restrictions on bank lending in China.
Investors are worried about the pace of a global economic recovery. The disappointing report from Britain and China’s move to curtail lending growth have traders concerned a rebound might stall.
Dow Jones industrial average futures are down 48, or 0.5 percent, at 10,092. Standard & Poor’s 500 index futures are down 7.10, or 0.7 percent, at 1,085.50, while Nasdaq 100 index futures are down 3.50, or 0.2 percent, at 1,795.00.
