U.S. Stock Futures Plunge As Global Selloff Resumes

U.S. stocks were set to continue the recent selloff on Thursday, with futures tumbling early premarket amid a wider global flight from risk assets. Futures for the Dow Jones Industrial Average slumped 296 points, or 1.9%, to 15,570, while those for the S&P 500 index tanked 35.45 points, or 1.9%, to 1,811.25. Futures for the Nasdaq 100 index erased 91.50 points, or 2.30%, to 3,876.25. Thursday's weakness follows a late-session slump in the U.S. on Wednesday when investors took the view that Federal Reserve Chairwoman Janet Yellen wasn't dovish enough in her http://www.marketwatch.com/story/yellen-says-financial-conditions-less-supportive-to-growth-2016-02-10. The Fed boss will return to Capitol Hill on Thursday at 10 a.m. Eastern Time. In Europe, stock markets were also under selling pressure, with the Stoxx Europe 600 index heading for its lowest close since 2013. In Hong Kong, the Hang Seng index slid 3.9% on its return of trading from the Chinese New Year.