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Stock futures point toward lower opening

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[September 14, 2009]  NEW YORK (AP) -- Stock futures are pointing to a lower opening amid concerns about a growing trade dispute between the U.S. and China.

RestaurantOverseas markets also fell sharply Monday on concern about unrest between two of the world's largest economies.

Late Friday, the U.S. administration imposed trade penalties on tires coming into the country from China. The Chinese government quickly condemned the move, calling it protectionist and a violation of global trade rules.

Dow Jones industrial average futures are down 59, or 0.6 percent, at 9,533. Standard & Poor's 500 index futures are down 7.60, or 0.7 percent, at 1,029.70, while Nasdaq 100 index futures are down 16.50, or 1 percent, at 1,667.00.

[Associated Press; By STEPHEN BERNARD]

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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