Stock futures dropped Wednesday, as traders returning from the Independence Day break eyed headwinds for the global economy and braced for the release of Federal Reserve minutes.
Futures on the S&P 500 (^GSPC) were about 0.4% lower, while those on the Dow Jones Industrial Average (^DJI) were down around 0.4%. Nasdaq 100 futures fell about 0.6%.
A surprisingly sharp fall in Chinese services activity stoked concerns about the health of the world’s second-biggest economy, against a backdrop of building tensions in the US-China trade war.
Shares in Rivian (RIVN) rose nearly 4% in pre-market, looking to extend Monday’s 17% rally, after Amazon said it would roll out the first vans from the EV maker in Germany.
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