U.S. stock futures were lower Wednesday after data signaling a slowing Chinese economy sparked risk-off trading across markets.
How are stock-index futures trading
- S&P 500 futures ES00, -0.21% dipped 13 points, or 0.3% to 4202
- Dow Jones Industrial Average futures YM00, -0.17% fell 91 points, or 0.3% to 32998
- Nasdaq 100 futures NQ00, -0.15% eased 49 points, or 0.3% to 14348
On Tuesday, the Dow Jones Industrial Average DJIA, -0.15% fell 51 points, or 0.15%, to 33043, the S&P 500 SPX, +0.00% increased 0 points, or 0%, to 4206, and the Nasdaq Composite COMP, +0.32% gained 42 points, or 0.32%, to 13017.
What’s driving markets
Disappointing data from China — which showed its manufacturing sector contracting again in May and services activity growing at its slowest pace in four months — has triggered a risk-off mood across global markets.
“Growth slowdown fears have accelerated as the latest data from China shows a faltering recovery, knocking back sentiment on markets,” said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
