Stock futures decline as NY-area manufacturing contracts

By Scott Gamm, for The Street

Oct 17, 2016

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U.S. stock futures traded slightly lower Monday after a survey of manufacturing in the New York region fell further into negative territory.

S&P 500 futures fell 0.08%, Dow Jones Industrial Average futures slipped 0.17%, and Nasdaq futures declined 0.22%.

The Empire State Manufacturing Survey in New York in October fell to negative 6.8 from negative 2 in September. It's the weakest reading since May. Economists were expecting a reading of 2.0.

European shares were lower -- the FTSE 100 fell 0.62% and the CAC 40 dipped 0.22%. The pound lost 0.22% against the dollar. Oil prices wavered, with West Texas Intermediate rising 0.2% to $50.45 a barrel.

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