Global Stocks, U.S. Futures Fall on China Property Fears

U.S. stock futures fell, pointing to an extension of recent losses on Wall Street as jitters in China’s indebted property sector rippled into global markets.

Futures for the S&P 500 dropped 1%, after the broad stocks gauge posted its biggest two-week decline since February. Futures on the Dow Jones Industrial Average lost 1.3% and contracts for the technology-focused Nasdaq-100 fell 0.9%.