U.S. stock index futures pulled back on the first trading day of the new year, as more disappointing economic data from China hampered global risk appetite.
worst yearly performances since the financial crisis.
Despite solid gains on Monday, the S&P 500 and Dow Jones Industrial Average were down 6.2 percent and 5.6 percent, respectively, for 2018. Both indexes posted their biggest annual losses since 2008, when they plunged 38.5 percent and 33.8 percent, respectively.
The Nasdaq Composite lost 3.9 percent in 2018, its worst year in a decade, when it dropped 40 percent.
On the data front, investors are likely to closely monitor manufacturing PMI data for December at around 9:45 a.m. ET.
— CNBC’s Fred Imbert contributed to this report.