NEW YORK (AP) — U.S. stock futures are falling Wednesday morning with markets in Europe give up earlier gains.
The European Central Bank on Wednesday loaned a record amount to the continent’s banks in an effort to bolster Europe’s stressed financial system. That initially lifted markets in Germany, France and London, but stocks in those countries are now showing losses of as much as 0.5 percent.
Less than two hours before trading opens in New York, Dow Jones industrial average futures are down 9 points to 12,022 while futures for the broader S&P 500 are down 4 to 1232.
On Tuesday encouraging signs out of Europe and a surprisingly strong report on the U.S. housing market drove the Dow up more than 300 points. It was the best day for stocks this month.