U.S. stock-index futures fell, signaling the Standard & Poor’s 500 Index will drop for a second day.
E-mini futures on the S&P 500 expiring in June lost 0.2 percent
to 2,095 at 8:30 a.m. in London. Contracts on the Dow Jones Industrial
Average dropped 50 points, or 0.3 percent, to 17,904.
U.S. stocks declined yesterday after data showed the world’s biggest
economy barely grew in the first quarter, missing forecasts, and
investors weighed the timing for a rate increase as the Federal Reserve
said part of the weakness was transitory. Fed officials have said they
expect to raise rates this year for the first time since 2006 as the
economy nears full employment, and that their decision will be guided by
the latest data.
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