Stock futures fall as G20 summit convenes

NEW YORK (AP) — Stocks are falling as world leaders attempt to come up with plans to strengthen a weak global economy and signs of rising inflation in China.

A disappointing outlook from Cisco Systems has also rattled the market today, dragging the market sharply lower.

The Group of 20, which encompasses leaders from major rich and developing nations, are meeting in South Korea and trying to hammer out plans to help support a global recovery.

Traders are also concerned with a report that inflation rose in China in October at its fastest pace in more than two years.

The Dow Jones industrial average is down 86, or 0.8 percent, at 11,271. The S&P 500 is down 10, or 0.8 percent, at 1,209, while the Nasdaq composite is down 49, or 1.9 percent, at 2,530.