Futures fall as weak China data sparks slowdown fears

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Reuters

(Reuters) - U.S. stock index futures fell on Monday, taking cues from global markets, after weak economic data from China rekindled fears of an economic slowdown in the world's second-largest economy. China's central bank slashed key lending rates to revive demand as data showed the economy unexpectedly slowing in July, with factory and retail activity squeezed by Beijing's zero-COVID policy and a property crisis. Megacap growth and technology stocks such as Apple Inc and Amazon.com Inc slid 0.5% each in trading before the bell, while banks also edged lower after posting six straight weeks of ...

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