US futures follow world markets lower; gold drops

AP News
Posted: Apr 15, 2013 8:23 AM

NEW YORK (AP) — Big merger and acquisition announcements are unable to lift U.S. stock market futures, following drops in world equity and commodities markets.

Chinese economic data showing slower-than-expected growth is the main concern.

Dow Jones industrial average futures are down 43 points at 14,741. Nasdaq 100 futures are off 11 points at 2,835.2. S&P 500 futures are down 7 points at 1,575.

A $25.5 billion offer from Dish Network Corp. for Sprint Nextel Corp. and a deal for Thermo Fisher Scientific Inc. to buy Life Technologies Corp. for $13.6 billion failed to spark traders.

Hold The Damn Vote Already
Derek Hunter

In Europe, major indexes are down about 1 percent. Asian stocks also fell.

Earlier, gold fell below $1,400 an ounce for the first time since March 2011. And oil prices hit their lowest level since mid-December.