Stock Futures Drop on Final Trading Day of Grueling Quarter

US stock futures fell as investors rebalanced portfolios ahead of the end of a grueling first half and considered updated readings on consumer spending and inflation.

Futures tied to the S&P 500 dropped 1.1%, a day after indices finished slightly changed. Dow Jones Industrial Average futures fell 1% while technology-heavy Nasdaq-100 futures lost 1.1%.

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