US stock futures follow European markets lower

NEW YORK (AP) ? U.S. stock futures are following European markets lower.

Higher interest rates on government debt from Italy, Spain and other European countries helped send stock markets in Germany and France down more than 1 percent Tuesday.

Wal-Mart Stores Inc. fell 2 percent in premarket trading after the retail giant posted a drop in quarterly earnings.

Later this morning, the government will report on retail sales in October. Economists forecast that sales rose 0.4 percent last month, a slower pace than in September.

Less than two hours before the opening bell, Dow Jones industrial average futures are down 107 points, or 1 percent, to 11,953. S&P 500 index futures are down 12, or 1 percent, to 1,240. Nasdaq 100 futures are down 22, or 0.9 percent, to 2,321.