NEW YORK (AP) ? Stock futures are sliding as attention turns toward whether Italy will be the next European country to be crippled by its debt.
Italy’s borrowing rates spiked on Monday to their highest levels since the country adopted the euro. Markets fear that Italy’s debts are too large to be handled by an international bailout.
Monday is a quiet day for economic and earnings reports in the U.S. The Federal Reserve will report in the afternoon on how much consumers borrowed in September.
Dow futures lost 48 points, or 0.4 percent, to 11,895 two hours before the opening bell. S&P 500 futures fell 7, or 0.5 percent, to 1,244. Nasdaq 100 futures dropped 8, or 0.4 percent, to 2,342.