U.S. Markets backpedaling Friday
U.S. stock markets were headed for a lower opening bell Friday as investors awaited the latest data on consumer spending.
Futures tied to the Standard & Poor's 500 Index fell 19 points to 943 at 7:40 a.m. Dow Jones Industrial Average futures lost 153 points to 9073. Nasdaq 100 futures retreated 30 points to 1315.
The Commerce Department is scheduled to release personal spending figures Friday. The average forecast is for a 0.2 percent decline in September. Personal incomes are forecast up by 0.1 percent free creditreport.
European stock markets gave up ground Friday. At 7:36 a.m. the FTSE 100 Index was down 91 points, or 2 percent, to 4200 on the London Stock Exchange. The Dax Index slipped 5 points, or 0.1 percent, to 4864 on the Frankfort Stock Exchange.
Overnight, the Nikkei 225 dropped 453points, or 5 percent, to 8577 on the Tokyo Stock Exchange.
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