NEW YORK (Dow Jones)--U.S. stock futures dropped on Tuesday after a report the U.S. government is pressuring Citigroup and Bank of America to raise more cash and as the World Health Organization increased its threat level for the swine flu outbreak.
S&P 500 futures fell 15.4 points to 841.40 and Nasdaq 100 futures dropped 19.2 points to 1354. Dow industrial futures fell 119 points.
U.S. stocks fell on Monday as worries about the swine flu outbreak offset gains for General Motors Corp. (GM) on a restructuring plan and Humana Inc. (HUM) on a raised profit outlook. The Dow Jones Industrial Average fell 51 points, the S&P 500 lost 8 points, and the Nasdaq Composite dropped 14 points.
Markets worldwide on Tuesday were affected by a report in The Wall Street Journal that Bank of America Corp. (BAC) and Citigroup Inc. (C) have been told to raise more capital based on early results of the government's stress test. Executives at both banks are objecting to the preliminary findings, the report said.
In pre-market trade, Bank of America dropped 9.6% and Citigroup fell nearly 7%.
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