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News / Nation & World

US stock futures fall after 2nd day of gains

The Columbian
Published: September 12, 2011, 5:00pm

NEW YORK (AP) — Stock futures are falling, a day after major indexes notched only their second day of gains this month.

Major European markets are trading mixed Tuesday after Italy’s finance minister confirmed that officials had met with China’s sovereign wealth fund about buying Italian bonds. Worries that Italy or Spain would have trouble paying down debts have been hanging over markets worldwide.

Traders said a report that China may buy Italian government bonds played a role in a Monday afternoon rally that pushed stocks higher for the second day this month.

Ninety minutes ahead of the opening bell, Dow Jones industrial average futures are down 51 points, or 0.5 percent, to 10,938. S&P 500 index futures are down 6 to 1,150. Nasdaq 100 futures are down 7, or 0.4 percent, to 2,182.

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