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Futures slide on taper, growth fears; oil slump hits energy stocks

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Reuters

By Sagarika Jaisinghani (Reuters) – U.S. stock index futures fell on Thursday on concerns the Federal Reserve could begin to rein in its massive monetary stimulus, while energy stocks tracked a slide in oil prices to their lowest in about three months. Minutes released on Wednesday from the Fed’s meeting last month showed officials felt the employment benchmark for decreasing support for the economy “could be reached this year”, sending the S&P 500 sliding 1% in its worst day in a month. Concerns about the sudden tapering at a time when macroeconomic data was signaling a slowdown in U.S. econo…

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