US Stock Futures Slump Amid Global Rout - Wall Street Journal

FRANKFURT (MarketWatch) -- U.S. stock futures slumped Thursday as global markets tumbled on doubts over whether the Federal Reserve's latest move to prop up the struggling American economy will be effective.

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Asian markets closed with sharp losses overnight and European stocks sank in morning trading, with Germany's DAX 30 index down 4%. Gold and oil futures also dropped heavily, while the U.S. dollar rallied against rivals, as investors sought a safe haven.

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Against this backdrop, futures on the Dow Jones Industrial Average fell 176 points to 10,831 and those on the Standard & Poor's 500 index declined ...

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US Stock Futures Slump Amid Global Rout - Wall Street Journal