US Stock Futures Down; World Bank Lowers China Growth Forecast
US stock futures are lower this morning, after the World Bank lowered its China growth outlook. Futures for the Dow Jones Industrial Average dipped 44 points to 13,492.00 and S&P 500 index futures fell 5 points to 1,450.50. Nasdaq 100 futures dropped 12.75 points to 2,791.50.
US stocks closed mixed on Friday, with the Dow Jones Industrial Average rising 0.26% to 13,610.15, the S&P 500 index dropping 0.03% to 1,460.93 and the Nasdaq 100 index falling 0.32% to 3,136.19.
AngioDynamics (NASDAQ: ANGO) is projected to report its FQ1 earnings at $0.09 per share on revenue of $84.4 million. Tortoise Capital Resources (NYSE: TTO) is expected to post its Q3 earnings at $0.96 per share on revenue of $2.08 million.
Oclaro (NASDAQ: OCLR) issued downbeat FQ1 revenue forecast.
Shares of Datalink (NASDAQ: DTLK) dipped 13.40% on Friday after the company cut its Q3 forecast.
Shares of Fleetmatics Group plc (NYSE: FLTX) jumped 31.18% on its first day of public trading.
European markets were lower today. The STOXX Europe 600 Index fell 0.93%, London's FTSE 100 Index dropped 0.01%, French CAC 40 Index declined 1.23% and German DAX 30 index fell 1.33%.
Asian markets ended lower, with China's Shanghai Composite dropping 0.56% and Australia's S&P/ASX 200 falling 0.26%. Hong Kong's Hang Seng index fell 0.89% and India's Sensex fell 1.23%.
The World Bank cut its 2012 growth outlook for China to 7.7%, versus its earlier forecast of 8.2%.
Crude for November delivery dropped $1.06 to trade at $88.85 a barrel, while gold for December delivery fell $8.40 to $1,772.40.
The ICE dollar index (DXY) gained 0.30% to 79.57, up from 79.350 in late North American trading on Friday.
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