Stock Futures Slump In Early Trading, On Heels Of Oil, Asia Losses

U.S. stock futures traded sharply lower on Wednesday, tracking losses for Asia and a continued drop in oil prices. Dow Jones Industrial Average futures slid 261 points, or 1.6%, to 15,649, while S&P 500 futures dropped 30.4 points, or 1.6%, to 1,842. Losses were even worse for Nasdaq 100 futures , dropping 79.75 points, or 2%, to 4,064.25. Oil prices hit a fresh 12-year low under $28 a barrel. "Markets continue to plunge with the bears refusing to go into hibernation, spurred along by tumbling oil prices and the scent of volatility in the air," said Farbod Mimeh, junior dealer at London Capital Group.