U.S. Stock Futures Drop on China Data, Trade Woes: Markets Wrap

Futures on the S&P 500 Index opened 0.7 percent lower, Australian shares retreated and stock indexes in Japan and China pointed to declines at the start. U.S. equities sank more than 2 percent on Friday, when benchmark Treasury yields slid to 2.85 percent, the lowest in four months. Dampening the mood at the start of this week was a slowing in China’s factory inflation amid weakening demand and news the country’s vice foreign minister has summoned the U.S. ambassador in protest over the arrest of Huawei Technologies Co.’s chief financial officer.

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