Stock Futures Point to Acceleration in S&P 500’s Losses – USA DAILY NEWS

Stock Futures Point to Acceleration in S&P 500’s Losses

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U.S. stock futures dropped sharply Monday, suggesting that the major benchmark indexes may extend their retreat into a fourth consecutive week.

Futures tied to the S&P 500 fell 1.6%, signaling that the gauge’s losses may accelerate after the opening bell. The index ended last week more than 7% off its Sept. 2 high. Contracts for the Nasdaq Composite retreated 1.5%. The tech-heavy index closed on Friday at its lowest level since Aug. 11.