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Wednesday, 08/06/2014 7:56:15 AM

Wednesday, August 06, 2014 7:56:15 AM

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U.S. stocks: Futures fall on Russia fears, Europe economy
Merger updates lift 21st Century Fox, batter Sprint

MADRID (MarketWatch) — Failed merger news, geopolitical tensions and downbeat European economic news pushed U.S. stock futures into the red on Wednesday, potentially setting Wall Street up for another day of losses.

Just one piece of economic data from the U.S. is due, while shares of Groupon Inc., 21st Century Fox Inc., Sprint Corp. and Walgreen Co. were active in the premarket.

Futures for the Dow Jones Industrial Average (CBE:DJU4) fell 64 points, or 0.4%, to 16,304, while those for the S&P 500 index (GLC:SPU4) eased 7.1 points, or 0.4%, to 1,905.90. Futures for the Nasdaq-100 index (GLC:NDU4) tumbled 20.50 points, or 0.5%, to 3,851.25.

Trade deficit data for June will be released at 8:30 a.m. Eastern Time. Also on the economic front, Dallas Federal Reserve President Richard Fisher said after the close of Wall Street’s session that the central bank may need to hike rates sooner than expected, if data continues to be as strong as the July Institute for Supply Management’s service-sector index. The index reached the highest level since Dec. 2005 on Tuesday. http://www.marketwatch.com/story/us-stocks-futures-fall-as-europes-economy-stumbles-2014-08-06?dist=beforebell

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