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Reply #3: U.S. Futures Decline; S&P May Snap 3-Day Gain [View All]

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Pale Blue Dot Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-01-11 06:54 AM
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3. U.S. Futures Decline; S&P May Snap 3-Day Gain
U.S. stock-index futures dropped, indicating the Standard & Poors 500 Index (SPX) will snap its biggest three-day rally in more than two years, as Chinas manufacturing recorded the weakest performance since 2009.

Walt Disney Co., the worlds biggest theme-park operator and owner of ESPN, dropped 0.6 percent in German trading.

Futures on the S&P 500 expiring this month slipped 0.3 percent to 1,242.4 at 10:30 a.m. in London. Dow Jones Industrial Average Index futures also expiring in December lost 20 points, or 0.2 percent, to 12,014.

Chinas purchasing managers index slid to 49 in November, lower than all but two of 18 forecasts in a Bloomberg News survey. Readings below 50 signal a contraction.
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