Stock futures slip ahead of last trading week of year

Stock futures slip ahead of last trading week of year

By Abhiram Nandakumar

(Reuters) – U.S. stock index futures were lower in thin volumes on Monday, ahead of the final trading week of the year.

* Crude prices slumped & were hovering near multi-year lows, pressured by a global glut. Exxon's shares were down 0.7 percent at $78.80 in premarket trading. [O/R]

p>* Global stocks ticked lower over fresh worries approximately Chinese growth after data showed profits at industrial companies in the world's second-largest economy fell in November for the sixth month in a row.

* Trading volumes are expected to remain subdued through the week.

* The S&P 500 is on track to end the year in the black, rising a marginal 0.1 percent so far in 2015, while the Nasdaq Composite is up 6.6 percent. The Dow Jones industrial average is down 1.5 percent.

* Wall Street closed slightly lower on Thursday, dragged down by energy stocks.

* Weight Watchers was up 2.2 percent at $18.39, while Fitbit was up 2 percent at $29.50.

* Apple was down 0.6 percent at $107.35.

Futures snapshot at 7:17 a.m. ET:

* Dow e-minis were down 88 points, or 0.5 percent, with 11,890 contracts changing hands.

* S&P 500 e-minis were down 9.25 points, or 0.45 percent, with 54,806 contracts traded.

* Nasdaq 100 e-minis were down 16.25 points, or 0.35 percent, on volume of 10,046 contracts.

(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Don Sebastian)

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Source: “Reuters”

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