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U.S. stock futures tumble after data showing slump in German manufacturing

Barbara Kollmeyer

U.S. stock futures took a hit early Friday after data showed a reading on German manufacturing fell to its lowest level since 2012. Dow Jones Industrial Average futures slid 133 points, or 0.5%, to 25,877, while S&P 500 futures fell 13.35 points, or 0.5%, to 2,849.25. Nasdaq-100 futures dropped 32.5 points, or 0.4%, to 7,502.25. Stock futures pushed lower after the Markit manufacturing purchasing managers index for German slid to 44.7, its lowest reading in over six and a half years. "The downturn in Germany's manufacturing sector has become more entrenched, with March's flash data showing accelerated declines in output, new orders and exports," said Phil Smith, economist at IHS Markit, in a press release. Losses were widespread, with the euro dropping 0.7% to $1.1298 and the Stoxx Europe 600 index falling 0.5% to 378.60.