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U.S. Stock Futures Pull Back Ahead of Data

U.S. stock futures pulled back ahead of data on manufacturing and home sales and testimony from the heads of the Federal Reserve and Treasury Department on their agencies’ responses to the pandemic.

Futures on the S&P 500 slipped 0.4% and futures on the Dow Jones Industrial Average fell 0.4%. The contracts don’t necessarily predict market moves after the markets open.

In Europe, the Stoxx Europe 600 was down 0.6% in morning trade, dragged lower by declines in the information-technology and real-estate sectors.

Hammerson rose 2.5% snapping a four-day losing streak.

The U.K.’s FTSE 100, which is dominated by large international businesses, shed 0.7%. Other stock indexes in Europe also mostly fell as France’s CAC 40 declined 0.6%, the U.K.’s FTSE 250 lost 0.4% and Germany’s DAX was down 0.7%.

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