US Futures Follow Overseas Markets Lower

By: Associated Press Email

Updated: Mon 8:32 AM, Sep 17, 2012

Stock futures are following global markets downward, though trading is light with many investors awaiting housing and manufacturing later this week.

Dow Jones industrial futures are down 29 points to 13,489. The broader S&P futures are off 4.3 points to 1,454.70. Nasdaq futures are down 5 points to 2,845.25.

The National Association of Home Builders releases its survey for September sales on Tuesday and the government follows on Wednesday with data on both housing starts and existing home sales.

On the manufacturing front, the Empire State survey will give investors an early peak into regional activity Monday, followed Thursday by the Fed survey in Philadelphia.

In European trading, Germany's DAX is down 0.3 percent to 7,389.36 while France's CAC 40 dropped 0.5 percent to 3,558.7.

Asian stocks are down, too.

US New Home Sales Up 2.3 percent in April

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US Futures Follow Overseas Markets Lower

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