STOCK MARKET NEWS:Futures swoon, debt limit hit, oil declines

STOCK MARKET NEWS:Futures swoon, debt limit hit, oil declines

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U.S. equity futures traded lower Thursday morning, following the prior day's pull back. The major futures indexes suggest a decline of 0.5% when trading begins. Oil futures fell as much as $1 on Thursday over recession fears as a sharp decline in U.S. retail sales and manufacturing output muddied…

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