European finance ministers said Friday they would delay authorizing a new installment of emergency funds for Greece until October. Investors fear that Greece will eventually default on its debts, damaging the European banking system and the global economic recovery.
Ninety minutes ahead of the market open, Dow Jones industrial average futures are down 133 points, or 1.2 percent, at 11,313. Standard & Poor’s 500 futures are down 17, or 1.4 percent, at 1,195. Nasdaq 100 futures are down 32, or 1.4 percent, at 2,275.
- Debt worries drag down the stock market
- US stock futures fall on global economic worries
- Obama presses Republicans on debt deal
- Fixing Disagreements:Greek Debt Inspectors Suspend Review, Leave Athens After Deficit
- Congress to election on last-minute debt deal
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