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US stock futures lower after weak trade data from China

Published 10/13/2015, 09:21 AM
Updated 10/13/2015, 09:21 AM

Investing.com - U.S. stock index futures were lower on Tuesday as weak Chinese trade data rekindled fears about the health of the global economy.

S&P 500 futures were down 0.45%, Nasdaq 100 futures fell 0.54% and the Dow Jones futures lost 0.41%.

Data showed Chinese imports fell 20% in September due to weak commodity prices and domestic demand, adding to worries about slowing economic growth at the world's second-largest economy.

Shares in Johnson & Johnson (N:JNJ) rose 1.4% to $97.34 after it announced a $10 billion share repurchase program.

Shares of Molson Coors (N:TAP) rose 9.2% to $86 premarket after SABMiller (L:SAB) agreed to be bought by AB Inbev for about $106 billion.

Also Tuesday, crude oil prices fell after the International Energy Agency said markets would remain oversupplied for at least another year

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