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Stock Futures Ease Back After Friday's Rally

Stock futures moved slightly lower to begin the new week, easing back after Friday's rally.

S&P 500 futures fell 0.15%, Dow Jones Industrial Average futures were down 0.07%, and Nasdaq futures declined 0.12%.

U.S. stocks surged on Friday after China, the world's second-largest economy, cut rates for the sixth time in less than a year. The move was in response to data earlier that week that showed third-quarter GDP below the Chinese government's target rate of 7%. In addition to China's easing, the European Central Bank showed willingness to extend its bond-buying program in order to reinvigorate growth in an announcement Thursday.

Global markets were mixed Monday...