U.S. Stock Futures Fall Before Spanish Banks Stress Tests
Nike Inc. (NKE), the world’s largest sporting-goods company, slumped 3.9 percent after reporting future orders that trailed analysts’ estimates as demand sank in China. McDonald’s Corp. (MCD), the biggest restaurant chain, dropped 1.5 percent after Janney Montgomery Scott LLC cut its recommendation for the shares. Research In Motion Ltd. (RIM) surged 16 percent after reporting a narrower loss than analysts had projected amid overseas growth.
S&P 500 (SPX) futures expiring in December lost 0.5 percent to 1,433.30 at 8:44 a.m. New York time. Dow Jones Industrial Average futures slid 76 points, or 0.6 percent, to 13,338. The number of shares changing hands in Stoxx Europe 600 Index’s companies was almost in line with the 30-day average at this time of day, according to data compiled by Bloomberg.