US equities sell-off carries over as stock futures tumble; global markets sliding
THE ASSOCIATED PRESS
May 23, 2013 - 7:25 am EDT
NEW YORK — The momentum of a late sell-off on Wall Street is carrying through for a second day, with U.S. futures and global stock markets in retreat.
Dow Jones industrial futures are down 102 points to 15,218. S&P futures have lost 13.2 points to 1,642.40. Nasdaq futures are down 23.25 points to 2,977.75.
A TV cameraman shoots an electronic stock indicator outside a securities firm in Tokyo Thursday, May 23, 2013. Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225, top center, nosedived 14,483.98, or 7.3 percent to close at 14,483.98. (AP Photo/Shizuo Kambayashi)
U.S. stocks began selling off late Wednesday when minutes from the Federal Reserve left some doubts about the level of the government's bond-buying commitment. U.S. stimulus has pumped up markets for months, at home and abroad.
Declining U.S. markets rolled over to Japan on Thursday, with the yield on 10-year Japanese government bonds spiking and the benchmark Nikkei 225 stock index tumbling more than 7 percent.
The U.S. is set to release housing and jobs data Thursday.
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