US stock futures signal further market turmoilBusiness | 28 Feb 2020 4:26 pm
Following a torrid trading day in Asian financial markets, US stock futures have fallen sharply Friday.
European equities are in the red at the open. London's FTSE 100 index of blue chips tumbled by 2.8 percent at the open and fell further, deepening losses by 3.50 percent at 6,558.21, down by 238.19 points.
In the US, Dow Jones Industrial Average futures gave up about 300 points, or 1 percent, while the S&P 500 futures shed 1 percent at 2,926.75. The Nasdaq-100 futures lost 1.3 percent at 8,273.
On Thursday, the Dow Jones Industrial Average plunged by 1,190.95 points, its largest one-day point drop in history, bringing its loss for the week to 3,225.77 points, or 11.1 percent.
European markets extended their plunge at the start of trading. In Frankfurt, the DAX 30 index shed 3.6 percent, the Paris CAC 40 slumped by 3.1
percent and Milan's FTSE MIB gave up 2.8 percent.