"Continued Decline: S&P 500 Futures Drop Further Amidst Another Losing Week"

S&P 500 futures opened little changed after another losing week for the major averages. Palo Alto Networks jumped 11% in extended trading after reporting earnings results that exceeded analysts' estimates. Chinese financial regulators discussed resolving local debt risks and adjusting policy for real estate loans. Chinese real estate company Country Garden Holdings will be removed from Hong Kong's Hang Seng Index, while pharmaceutical firm Sinopharm will be added. The People's Bank of China cut its one-year loan prime rate but left the five-year rate unchanged.