US Stock Futures Signal Lower Start On Wall Street

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US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 52 points to 13,084.00 and S&P 500 index futures fell 6.30 points to 1,419.60. Nasdaq 100 futures tumbled 8.50 points to 2,652.00. US stocks closed lower on Friday, with the Dow Jones Industrial Average dropping 0.91% to 13,190.84, the S&P 500 index falling 0.94% to 1,430.15 and the Nasdaq 100 index declining 0.96% to 3,021.01. US stock markets will close early today at 1 p.m. ET for Christmas Eve. United Technologies
UTX
announced its plans to sell its UTC Power fuel cells unit to ClearEdge Power. General Dynamics
GD
bought Applied Physical Sciences for an undisclosed amount. Lockheed Martin
LMT
bought all the assets of CDL Systems Ltd. However, terms of the acquisition were not disclosed. European markets were mostly lower today. The STOXX Europe 600 Index fell 0.04%, London's FTSE 100 Index gained 0.20% and French CAC 40 Index declined 0.19%. Asian markets ended higher, with China's Shanghai Composite gaining 0.27% and Australia's S&P/ASX 200 rising 0.22%. Hong Kong's Hang Seng Index climbed 0.16% and India's Sensex rose 0.07%. Crude oil for February delivery dropped $0.05 to trade at $88.61 a barrel. The ICE dollar index dropped 0.10% to trade at 79.46, down from 79.575 late Friday.
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Posted In: NewsFuturesGlobalPre-Market OutlookMarketsAerospace & DefenseIndustrialsUS Stock Futures
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