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Stock futures fall after euro hits new 4-year low

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[June 01, 2010]  NEW YORK (AP) -- Stock futures are tumbling after the euro fell to a new four-year low.

Major U.S. indexes are set to resume their slide Tuesday because of fresh concerns about the health of Europe's economic recovery. Stocks fell late Friday ahead of the long holiday weekend after Fitch Ratings cut its view on Spain's debt.

The euro fell as low as $1.2112 before easing off that low. It's now trading at $1.2123.

In the U.S., investors are expected a new report that will show manufacturing slowed slightly last month.

Dow futures are down 177, or 1.2 percent, at 10,009. Standard & Poor's 500 index futures are down 15.20, or 1.4 percent, at 1,073.30, while Nasdaq 100 index futures are down 21.25, or 1.2 percent, at 1,830.75.

[Associated Press; By STEPHEN BERNARD]

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



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