US futures contracts collapse under the impact of weak European data By Investing.com

Investing.com – US futures were down on Friday after new data revealed a sharp drop in manufacturing activity in Europe, raising worries about the global slowdown.

The eurozone's preliminary activity index has fallen to its lowest level since 2013, adding to growth concerns that prompted the Federal Reserve to signal on Wednesday that it was no longer expected to come to fruition. 39, raise interest rates this year.

fell 114 points to 0.4% at 6:42 (ET) (11:42 GMT), while losing 11 points or 0.4% and Tech-heavy was down 27 points or 0.4%.

Nike (NYSE 🙂 reported a 4.3% decline in pre-market sales after the North American sportswear company's forecast. Boeing (NYSE 🙂 lost 0.2% on the news that Indonesian airline Garuda is canceling its order for the 737 Max 8 jet after two fatal crashes involving the model, the first airline to take such a step.

At the same time, Micron (NASDAQ 🙂 lost 0.7% after jumping 9% at close on Thursday, while Amazon.com (NASDAQ 🙂 lost 0.5% and Carnival (NYSE: ) lost 1.1%.

Elsewhere, Pearson (NYSE 🙂 jumped 4.6% after JP Morgan updated the education company to move from neutral to neutral, while Walt Disney (NYSE 🙂 gained 0.2% and Tesla (NASDAQ 🙂 rose 0.7% after learning that its sponsorship program is back just a few months after announcing its end.

In commodities, they increased 0.4% to $ 1,313.65 per troy ounce, while they declined 0.9% to $ 59.42. The, which measures the greenback versus a basket of six major currencies, rose 0.1% to 95.093.