U.S. Stock Index Futures Fall as Asian Markets Extend Losses
- Trade issues between U.S. and China still worry investors
- China iPhone ban adding additional pressure on market: AMP
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U.S. stock index futures dropped for a second day as a lack of improvement in trade relations between the U.S. and China gave investors little reason to buy after equities languished in New York Thursday.
March futures slid as much as 0.9 percent on the S&P 500 Index as of 6:43 a.m. in London as Asian markets extended losses. Apple Inc. said a Chinese ban on the sale of some models of the iPhone will force it to settle a long and bitter licensing battle with Qualcomm Inc., according to a recent legal filing. Futures on the Nasdaq 100 Index and Dow Jones Industrial Average declined 1.1 percent and 0.8 percent, respectively.