US stock futures declined sharply on Monday as concerns about
European and US leaders' inability to tackle debt turmoil surged. Chinese fuelled
anxiety by predicting extended global slowdown. Futures on the Standard
& Poor's 500 lost 16 points reaching 1,197.9, while those on Dow
Jones Industrial Average dropped 139 points hitting 11,628. Nasdaq futures gave up 21 points attaining 2,228.75.