Global Growth Worries Weigh on U.S. Stock
September 23,2019 08:48 am EST
U.S. stock index futures indicated a slightly lower open Monday as weak data out of Europe stoked worries over the global economy.
Futures for the Dow Jones Industrials fell 35 points, or 0.1%, early Monday to 26,859
Futures for the S&P 500 dipped one point at 2,988.50
NASDAQ Composite futures inched up three points to 7,833.50
Cantel Medical and NETSOL Technologies are among the firms reporting earnings Monday
Manufacturing activity in Germany fell to its lowest level since the financial crisis this month, data from IHS Markit showed. Germany''s services sector also grew at its slowest pace in nine months. Overall, manufacturing in the euro zone fell to a more than six-year low while services grew at is slowest pace in eight months.
Entering Monday''s session, the Dow and S&P 500 were more than 1% from their all-time highs. The NASDAQ Composite was 2.7% away.
Overseas, in Japan, markets were closed for holiday Monday, while in the Hong Kong, the Hang Seng index eased 0.8%
Oil prices sank six cents to $58.03 U.S. a barrel.
Gold prices popped $10.20 to $1,525.30 U.S. an ounce.
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