US stock futures lower on China fears

Source: Marketwatch
© ScanPix/Reuters
Stocks in the US were set to open lower on Tuesday, as investors are worried over factory contraction in China and the concerns about growth of global economy. Futures for the Standard & Poor's 500 index dropped 1.97% in the first day of September after the index posted losses of 6.47% in August. Futures for the Nasdaq dived 2.2%, while those for the Dow Jones Industrial Average lost 1.96%.
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