Fed Worries, Weak China Data Weighing On Investor Sentiment
The major U.S. index futures are pointing to a sharply lower opening on Thursday, with stocks likely to extend the pullback seen in the previous session. The downward momentum for the markets is partly due to lingering concerns about the outlook for the Federal Reserve’s asset purchase program. Negative sentiment has also been generated by a report from Markit Economics and HSBC showing that Chinese manufacturing activity contracted in May.