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Originally published May 29, 2013 at 5:29 AM | Page modified May 29, 2013 at 6:55 AM

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US stock futures decline after latest record

U.S. stock market futures are falling, a day after closing at another record high.

The Associated Press

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U.S. stock market futures are falling, a day after closing at another record high.

The decline is being driven by concern that the Federal Reserve will start to pare back efforts to boost the economy.

Dow Jones industrial average futures are down 86 points at 15,287. S&P 500 futures are off 9.5 points to 1,645. Nasdaq 100 futures fell 15.25 to 2,988.25.

While Tuesday's gains were driven by strong reports on housing and consumer confidence, markets have no economic news or earnings reports Wednesday from major companies. Investors may also be hoping to lock in gains from a series of all-time highs as the month end nears.

The futures declines echo drops in Europe. British, German and French markets are all down about 1 percent. Stocks edged higher in Asia.

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