KBTX | Bryan & College Station, TX | Aggieland News

US Futures Dip on Weak Data From China

By: Associated Press Email
By: Associated Press Email

Stock futures are heading lower with disquieting data from China overshadowing hopes that the Fed will announce new stimulus measures to revive the U.S. economy when it meets later this week.

Dow Jones industrial futures are down 20 points to 13,276. The broader S&P futures have given up 2.6 points to 1,435.60. Nasdaq futures are down 5 points to 2,818.

China's auto sales growth slowed to 3.7 percent in August, according to a report Monday from the government-authorized industry group, the China Association of Auto Manufacturers. It's more evidence of a pronounced economic cooling.

Imports also shrank unexpectedly for the world's second-largest economy and the Chinese president warned growth could slow further.

The monetary policymaking body of the U.S. Federal Reserve meets starting Wednesday.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 169157596 - kbtx.com/a?a=169157596