The S&P 500 Index rose 0.5 percent on Monday as data showing strong confidence among U.S. homebuilders helped reverse earlier losses spurred by weak manufacturing in the New York region. Photographer: David Paul Morris/Bloomberg Don't Miss Out — Follow Bloomberg On Facebook Twitter Instagram YouTube Recommended Emerging Markets Extend Slide as Commodities Fall; Pound Jumps How Those Color-Block Bikinis Took Over the Beach These 10 Countries Will Have the World's Biggest Populations By 2050 A PC for Just $30? Get a Look at the Remix Mini Share on Facebook Share on Twitter U.S. stock-index futures declined on growing concern that a rout in emerging-market assets and commodities will hurt global growth prospects, while investors weighed the implications of tighter monetary policy. Standard & Poor’s 500 Index E-mini contracts expiring in September fell 0.2 percent to 2,094.75 at 6:27 a.m. in New York. Futures on the Dow Jones Industrial Average lost 31 points, or 0.2 percent, to 17,473. “A drop in the market is sparking fears that we might be in for another dump in the Chinese equity markets, which could spread,� said Jasper Lawler, London-based market analyst at CMC Markets Plc. “Markets have been moving higher mostly because of easing monetary policy. They can still go up on the short term, but it’s definitely the beginning of the end. The market doesn’t want to see a rate hike.� Oil and copper led a slide in commodities on speculation the global fuel glut will persist and China’s economy will face further headwinds. The S&P 500 Index rose 0.5 percent on Monday as data showing strong confidence among U.S. homebuilders helped reverse earlier losses spurred by weak manufacturing in the New York region. Housing data are due today, which investors will scrutinize to gauge the economy’s health and the trajectory of interest rates. The Federal Reserve releases minutes from its July meeting on Wednesday, with market expectations of a September rate hike falling to about 44 percent from about 50 percent last week. Wal-Mart Stores Inc. is among companies posting results today. About three quarters of S&P 500 members that have reported so far this earnings season beat profit estimates, while almost half topped sales projections. Analysts now expect a 2.1 percent drop in second-quarter earnings. Esperion Therapeutics Inc. rose 13 percent after the biotech company said U.S. regulators won’t require a trial to determine the effects of its experimental cholesterol drug on heart health, smoothing the path toward approval.

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