US futures sharply lower ahead of growth report

US futures sharply lower ahead of growth report
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Summary The U.S. will release a report an hour before the stock market opens.

U.S. stock futures are falling sharply before the government provides a look at economic growth over the past three months.There are also signs of unease in China, with evidence of a massive flow of money out of the country before a government power shift.Dow Jones industrial futures are down 97 points to 12,959. The S&P futures have given up 10.5 points to 1,397.70. Nasdaq futures are down 11.5 points to 2,636.50.The U.S. will release a report an hour before the stock market opens Friday on the nations gross domestic product for the third quarter. Economists expect growth, but very little.The group Global Financial Integrity, based in Washington, suggests Chinese investors evaded government controls to ship more than $600 billion out of the country last year.
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