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US futures dip on discouraging news from Japan

US futures slide on discouraging news from Japan; national deficit report expected

US futures dip on discouraging news from Japan

NEW YORK (AP) -- U.S. stock futures are heading lower after Japan released discouraging growth figures for the second quarter, sending the dollar higher against the yen in early trading.

Dow Jones industrial futures are down 57 points to 15,318. S&P futures have given up 7.4 points to 1,673.80. Nasdaq futures are down 10.25 points to 3,103.

The U.S. is expected to report that the national deficit fell again last month. The report is due from the Treasury Department at 2 p.m. Eastern (1800 GMT).

The Congressional Budget Office estimates that the deficit for July will total $96 billion, bringing the deficit for the first 10 months of the budget year to $606 billion, $368 billion better than the same period last year.

Updated : 2021-05-09 01:36 GMT+08:00