Stocks are headed for another nosedive at the open as global markets plunge

by Dramelin 3:00 AM 0 comments

Don`t panic, although today will obviously be a bloody day in markets: Pro    1 Hour Ago | 02:35 U.
stock index futures pared significant losses ahead of Tuesday`s open, but still pointed to a sharply negative open as the sell-off continues to weigh on sentiment worldwide.
During Monday`s late hours, Dow futures were down 826 points, and S&P 500 futures were lower by 76.
5 points as of 11:25 p.
ET, indicating that the implied open for the Dow, based on futures, was a decline of 1,203.
ET, Dow futures were indicating a more than 600 point drop at the open, S&P 500 futures suggested a 42 point loss and Nasdaq futures were pointing to a 50 point decline.
On Monday, the Dow Jones industrial average dropped 1,175.
21 points to close down at 24,345.
75 — having briefly declined more than 1,500 points during the session; with other major indexes closing sharply lower.
The sell-off kicked into action on Friday, after the latest nonfarm payrolls report saw interest rates in the U.
While there was no particular piece of news that pushed major U.
indexes deep into the red on Monday, the recent moves in the bond market have added volatility and concern to the market.
Consequently, investors are paying close attention to not only the bond market, but how the U.
Federal Reserve will react to this, as Jerome Powell takes on the position as chair of the U.
Also on Tuesday, data and earnings are set to keep investors` somewhat busy as the sell-off continues to simmer.
Looking to data, the U.
international trade in goods and services is due out at 8:30 a.
ET, followed by the Job Openings and Labor Turnover Survey (JOLTS), set to come out at 10 a.