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US stock futures follow world markets lower

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[September 21, 2009]  NEW YORK (AP) -- U.S. stock futures are signaling a lower opening on Wall Street following modest losses overseas.

InsuranceMarkets in Asia are lower and all the major European indexes are down in late morning trading.

Stocks have been on a steady ascent since early March as investors make bets that the world economy is healing amid improving activity in the housing and manufacturing industries. Analysts say even a modest pullback is perfectly healthy.

Investors are waiting to see what the Federal Reserve has to say this week during its two-day rate-setting meeting, which begins Tuesday.

Dow Jones industrial average futures are down 57 at 9,676. Standard & Poor's 500 index futures are down 7 at 1,053, while Nasdaq 100 index futures are down 12 at 1,708.

[Associated Press; By SARA LEPRO]

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 This material may not be published, broadcast, rewritten or redistributed.

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