Wall Street falls as growth stocks, glum China data weigh – Reuters

Wall Street falls as growth stocks, glum China data weigh – Reuters

May 16 (Reuters) - U.S. stock index futures fell on Monday as downbeat data out of China stoked fresh concerns about a global economic slowdown at a time when investors are already on edge over aggressive policy tightening by the Federal Reserve.

Chinese and European stock markets fell, while oil slid as data showed China's economic activity cooled sharply in April as widening COVID-19 lockdowns took a heavy toll on consumption, industrial production and employment.

Wall Street closed sharply higher on Friday, but still the S&P 500 and the Nasdaq posted their longest weekly losing streaks in over a decade.