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Monday, December 09, 2019 {{ new Date().getDay() }}

NEW YORK (AP) — Stock futures are sliding as data out of China, whose blistering economy helped sustain global growth during the economic downturn, show some signs of weakness.

In premarket trading, Dow Jones industrial average futures fell 57 points to 13,110 and the broader Standard & Poor’s 500 futures fell 7.7 points to 1,396.30. Nasdaq 100 futures fell 10.5 points to 2,717.25.

Home prices dropped in 45 Chinese cities in February as the government tries to cool property speculation. And mining giant BHP Billiton said Tuesday it expects iron ore demand in China will flatten somewhat.

The U.S. Commerce Department is expected to report Tuesday that U.S. builders likely started work on slightly fewer homes in February than a month earlier ahead of the spring home-buying season.

European indexes are falling as well.

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By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy grew solidly in the second quarter, pulling the level of gross domestic product above its pre-pandemic peak, as massive government aid and vaccinations against COVID-19 fueled spending on goods and travel-related services. The pace of GDP growth reported by the Commerce Department on Thursday was, however, slower than economists had expected. That was because businesses had to again draw down on meager inventories to meet the robust demand. Supply constraints, which have resulted in shortages of motor vehicles and some household applian...

Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.

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