There are no data reports to distract investors, though shares of Microsoft Corp. and Starbucks Corp. could gain on the heels of their results late Thursday. Several heavyweights are due to report before the opening bell, including Honeywell International Inc., Kimberly-Clark Corp. and Procter & Gamble Co.
Extending an earlier drop, futures for the Dow Jones Industrial Average -0.64% slid 111 points, or 0.7%, to 16,041, while those for the Standard & Poor’s 500 index -0.71% tumbled 13.6 points, or 0.8%, to 1,810.20. Futures for the Nasdaq-100 index -0.67% sank 27.75 points, or 0.8%, to 3,586.25.
The day before, the S&P 500 -0.89% lost 0.9%, while the Dow industrials -1.08% suffered their worst loss in five weeks, dropping 1.1%. The Nasdaq Composite -0.57% fell 0.6%. All were hit by a surprise contraction in China’s manufacturing sector, which came on top of worries about the country’s financial sector and fed into worries about a possible spillover to the rest of the global economy.