By Andreas Hippin and Michael Patterson
Aug. 30 (Bloomberg) -- U.S. stock-index futures fell after Lehman Brothers Holdings Inc. said earnings at the country's largest securities firms will be hurt by credit-market turmoil.
Goldman Sachs Group Inc., Morgan Stanley, Merrill Lynch & Co. and Bear Stearns Cos. dropped after Lehman cut its profit estimates for this year and next. H&R Block Inc. declined after Chief Executive Officer Mark Ernst said the mortgage market is the "worst since 1930'' and may endanger the sale of the company's money-losing subprime home-loan unit.
Standard & Poor's 500 Index futures expiring in September lost 8.6 to 1,456.8 as of 9:04 a.m. in New York. Dow Jones Industrial Average futures dropped 66 to 13,245. Nasdaq-100 Index futures decreased 6.75 to 1,954.25.
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