FRANKFURT, Germany (AP) — More wild market swings appeared imminent Thursday, with U. S. stocks heading sharply lower after the largest single-day point gain in history for the Dow.
By DAVID McHUGH and ANNABELLE LIANG
FRANKFURT, Germany — More wild market swings appeared imminent Thursday, with U. S. stocks heading sharply lower after the largest single-day point gain in history for the Dow.
Slowing economic growth globally and a partial U. S. government shutdown heading into its sixth day whipsawed markets from Europe to Asia. Dow futures pointed to a 400-point loss less than two hours before the opening bell, following a 1,000-point gain the previous day.
Trading resumed in European markets which had been closed for the Christmas holiday, and the German DAX slid 1.7 percent to 10,447.53. France’s CAC 40 gave up 0.1 percent, to 4,619.74. Britain’s FTSE 100 fell a full percentage point to 6,616.55.
Futures for the broad S&P futures slumped 1.5 percent to 2,430.50 and the battered Nasdaq, down more than 18 percent in the past three months, slid 1.6 percent, to 6,188.50.
On Wednesday, U. S. markets snapped a four-day losing streak and clocked their best day in more than 10 years as the Dow jumped 5 percent, or 1,086 points, to 22,878.
