Wall Street appeared set for another weak trading day on Tuesday, with stock futures pointing firmly lower after weak Chinese trade data reignited fears about global growth.
Futures for the Dow Jones Industrial Average YMZ5, -0.86% shaved off 110 points, or 0.6%, to 17,646, while those for the S&P 500 index ESZ5, -0.90% fell 14 points, or 0.7%, to 2,067.00. Futures for the Nasdaq-100 index NQZ5, -0.95% lost 33.75 points, or 0.7%, to 4,667.25.
The mood was dented by the latest sign of slowing economic growth in the world’s second-largest economy, as weak global demand continues to weigh on China’s important manufacturing sector. The disappointing trade data showed exports in China fell for a fifth straight month in November, and sent markets lower in both Asia and Europe.
