U.S. stock futures edged down as investors fretted about the world economy, while the U.K. government’s tax-cutting plans sent the British currency and bond markets into disarray.
Futures for the S&P 500, the Dow Jones Industrial Average and Nasdaq-100 dropped between 0.1% and 0.4% Monday, suggesting investors were continuing to back away from a market that fell sharply last week. On Friday, the S&P 500 lost 1.7% on concerns that rising interest rates will push the global economy into recession.
