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- Before the bell: S&P futures -1.11%, Nasdaq futures -1.06%
Before the bell: S&P futures -1.11%, Nasdaq futures -1.06%
Equity futures trimmed losses as a European Central Bank official said policy makers may reintroduce 12-month loans to banks to ease funding strains.
Global stocks dropped today as a pledge by Group of 20 nations to tackle rising risks failed to ease concern the global economy is on the brink of another recession. Policy makers are “committed to a strong and coordinated international response to address the renewed challenges facing the global economy,” G-20 finance ministers and central bank governors said in a statement late yesterday in Washington.
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