U.S. stock futures pointed to sharp losses when Wall Street opens later Tuesday, on the heels of a more than 1,100-point plunge for the Dow Jones Industrial Average, its worst one-day point drop in history. In extremely volatile trading, Dow futures plunged 447 points, or 1.9%, to 23,486, according to FactSet data. S&P 500 futures dropped 17.95 points, or 0.7%, to 2,588.50. Nasdaq-100 futures eased 12.5 points, or 0.2%, to 6,406.50. Asian markets on Tuesday picked up the baton after a brutal day for U.S. stocks, with Japan’s Nikkei 225 index sliding nearly 5%, and sharp losses across the region. German DAX 30, FTSE 100 and French CAC 40 index futures were all down around 3%. The Dow Jones Industrial Average slumped 1,175.21 points, or 4.6%, to 24,345.75 on Monday, while the S&P 500 slid 113.19 points, or 4.1%, to 2,648.94, in action that at times appeared to take on characteristics of a panic. The Dow is now negative for the year. The Cboe Volatility Index , Wall Street’s so-called fear gauge, jumped 104% to 35.02, its highest level since August 2015. Among other assets, gold futures rose $9.40, or 0.7%, to $1,345.90 an ounce on Tuesday, while crude oil fell 1% to $63.54 a barrel. The dollar fell against the yen, but was overall holding steady.
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