U.S. stock futures early Monday pointed to a flat open, with Dow Jones Industrial Average futures down 12 points, or less than 0.1%, to 17,103. S&P 500 futures inched lower by 1 point, or less than 0.1%, to 2,024.50. Global markets have been reacting to news that China’s economic growth slowed to 6.9% in the third quarter, slipping below 7% for the first time since 2009 but still topping expectations of 6.8%. Asian markets were mixed in the wake of the reading on China’s gross domestic product. “The fall in China’s Q3 GDP to below 7% was widely expected,” said Nour Al-Hammoury, chief market strategist at ADS Securities, in a note on Monday, though he added that a slowdown in industrial production and fixed-asset investment “did surprise the markets.”
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From:: Stock Market News