BLBG: U.S. Index Futures Signal Equities to Decline for a Second Day
U.S. stock-index futures fell, signaling the Standard & Poor’s 500 Index will drop for a second day.
E-mini futures on the S&P 500 expiring in June lost 0.2 percent to 2,095 at 8:30 a.m. in London. Contracts on the Dow Jones Industrial Average dropped 50 points, or 0.3 percent, to 17,904.
U.S. stocks declined yesterday after data showed the world’s biggest economy barely grew in the first quarter, missing forecasts, and investors weighed the timing for a rate increase as the Federal Reserve said part of the weakness was transitory. Fed officials have said they expect to raise rates this year for the first time since 2006 as the economy nears full employment, and that their decision will be guided by the latest data.
