Stocks set to edge lower as Japanese growth slows

[August 16, 2010]  NEW YORK (AP) -- Stock futures are inching lower after Japan became the latest country to report slowing growth, adding to concerns about the pace of a global economic recovery.

Japan says its economy grew just 0.1 percent in the second quarter. The report follows signs last week that both the U.S. and Chinese economies are not growing as quickly as earlier in the year.

The Federal Reserve Bank of New York is expected to say Monday that the manufacturing activity in the state rebounded this month after the pace of growth slowed sharply in July.

Dow Jones industrial average futures are down 11, or 0.1 percent, at 10,255. Standard & Poor's 500 index futures are down 1.40, or 0.1 percent, at 1,074.70, while Nasdaq 100 index futures are down 2.00, or 0.1 percent, at 1,813.25.

[Associated Press; By STEPHEN BERNARD]

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