REUTERS: U.S. stocks were set to open lower on Tuesday as weak economic data from China pointed to slowing growth in the world's second largest economy, adding to fears of a global recession.
Declines in technology and healthcare stocks kept Wall Street subdued in the previous session as investors held out for policy decisions from central banks on potential monetary easing. "Expectations may be in front of themselves about the amount of new monetary policy stimulus that the ECB is going to move forward with," said Art Hogan, chief market strategist at National Securities in New York.However, a prolonged U.S.-China trade war could dull the effect of potential rate cuts on economic growth, Hogan said.
Separately, the U.S. House Judiciary Committee laid out plans to hold hearings into the Justice Department's decision to open an antitrust investigation into Ford and three other automakers.
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