Stock futures drift after Dow jumps 322 points

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NEW YORK (AP) ? Stock futures are heading lower, the morning after the Dow Jones industrial average jumped 322 points.

Later Wednesday morning, the government will give its monthly report on orders for durable goods. Economists expect orders rebounded in July.

Wild swings in financial markets have become commonplace in August, as weaker economic reports raise fears that the U.S. could slip into a recession. The Dow has jumped more than 200 points nine days this month. Even after Tuesday’s rally, it’s still down 8 percent in August.

Roughly two hours ahead of the opening bell, Dow futures are down 66 points, or 0.6 percent, to 10,074. S&P 500 index futures are down 7 points, or 0.6 percent, to 1,151. Nasdaq 100 futures are down 13 points, or 0.6 percent, at 2,111.