Equity Indexes Lower on China, Italy

U.S. equity indexes are down this morning after hitting record levels last week as the market digests disappointing reports overseas.

S&P 500 futures are down 0.2 percent after the benchmark index closed at its highest levels since late 2007. Nasdaq 100 futures are off by about the same margin. The indexes have been paring back their pre-market losses in the last hour.

China’s industrial output and retail sales came in lower than expected in data released over the weekend, while inflation climbed. The Shanghai Composite dropping 0.35 percent in reaction to the news, while Hong Kong’s Hang Seng was off fractionally.

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