US stock futures lower as euro worries persist

Published December 14, 2011 by
Business - Wall Street

NEW YORK (AP) ? U.S. stocks appear headed for a slightly lower opening on renewed worries over the eurozone economy.

Italy’s borrowing rates ratcheted higher once again and the euro slid below $1.30 for the first time since the first few days of the year, two signs that the debt crisis continues to pressure Europe’s governments and markets.

In the broader economy, eurozone industrial production slipped 0.1 percent in a further sign of weakness many think will lead to a recession.

Futures for the Dow Jones industrial average fell 0.2 percent to 11,869. Futures for the broader Standard & Poor’s 500 fell 0.2 percent to 1,218. Nasdaq Composite futures fell 0.3 percent to 2,261.

Stocks in Germany and London were down about 1 percent.

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