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US stock futures follow Europe lower

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[May 09, 2012]  NEW YORK (AP) -- U.S. stock futures are falling again with the economic crisis in Europe overshadowing any sign of modest growth in the U.S.

The Dow Jones industrial average is down 87 points to 12,780. The Standard & Poor's 500 is off 11.5 points to 1,347. The Nasdaq composite index is down 22.25 points to 2,600.50.

A commodity sell-off continued Wednesday on expectations that the supply of energy, copper or other goods that fuel healthy economies will be plentiful, given the prospects for global economic growth in the near future.

The price of crude, which many had feared could choke off economic growth earlier this year, has been falling for more than a week now.

In Europe, only Germany's DAX index is higher among the major stock market indicators.

[Associated Press]

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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