Stock futures slide as China COVID restrictions spark fresh global growth fears

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Stock futures slide as China COVID restrictions spark fresh global growth fears
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Traders attention turns to corporate earnings after stocks' recent rally off lows. U.S. stock futures traded lower.

How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA fell 46 points, or 0.15%, to 31338, the S&P 500 SPX declined 3 points, or 0.08%, to 3899, while the Nasdaq Composite COMP gained 14 points, or 0.12%, to 11635.

What’s driving markets Investors started the week in a downbeat mood as a fresh flare up of China COVID-19 concerns added to the angst about prospects for the global economy. The U.S. second quarter earnings season kicks into gear on Thursday — with JPMorgan JPM leading the way for the banking sector — and investors will now be keen to see just how much rising prices have impacted corporate profitability.

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