U.S. stock futures fell sharply on Monday, tracking losses out of China where the Shanghai Composite slid over 4%. Dow Jones Industrial Average futures fell 109 points, or 0.7%, to 16,492, while S&P 500 futures dropped 13.7 points, or 0.7%, to 1,929. Nasdaq 100 futures slid 40.5 points, or 1%, to 4,189.25. The last trading day of the year was set to end on a sour note in China after the central bank guided the yuan to its lowest level in three weeks. That’s as officials in China spent the weekend G-2- meeting trying to reassure investors that their strategy does not rely on a weaker currency. Investors flocked to the yen as stock markets weakened around the globe. The dollar slid to ¥112.82 from ¥113.94 late Friday in New York. U.S. oil prices were tipping slightly lower.
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