U.S. stock futures monday july 11 2011drop

U.S. stock futures monday july 11 2011drop - Dow Jones Industrial Average prices july 11 2011 : U.S. stock futures slumped Monday, pressured by growing fears about the potential spread of the euro-zone debt crisis to nations such as Italy and Spain. Chinese inflation data and a much weaker-than-expected U.S. jobs report further undermined investors’ appetite for assets perceived as risky such as stocks and commodities.

Futures on the Dow Jones Industrial Average DJ1U -1.16% dropped 83 points to 12,532 and those of the Standard & Poor’s 500 stock index SP1U -0.89% fell 11.70 points to 1,330.10.

Nasdaq 100 futures ND1U -0.97% declined 22 points to 2,386.50.

The negative sentiment “has to do with concerns over the euro zone still,“ said Mike Lenhoff, chief strategist at Brewin Dolphin in London. “This idea of a default is now something that is admissible as part of a bailout or at least that is what the discussion seems to be about.“