Global-growth gloom weighs on futures FRANKFURT (
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Global-growth gloom weighs on futures
FRANKFURT (MarketWatch) — Gloom over prospects for global growth kept U.S. stock-index futures under pressure Thursday morning, a day before Federal Reserve Chairman Ben Bernanke’s eagerly awaited speech in Jackson Hole, Wyo.
Futures on the Dow Jones Industrial Average (CBOT
JU2) fell 32 points to 13,052.
S&P 500 Index futures (GLC:SPU2) lost 4.1 points to 1,403.10. Nasdaq 100 futures (CME:NDU2) declined 8.25 points to 2,773.
“Investors remain in a heightened state of alert ahead of Bernanke’s speech and are looking for safe havens where they can be found,” said Mike McCudden, head of derivatives at Interactive Investor in London.
That has left equities to drift lower. Asian stocks saw sharp losses Thursday, due in part to weak data from Japan, where retail sales posted a 0.8% drop, the first negative reading since November. http://www.marketwatch.com/story/global-growt...2012-08-30
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