Futures slump in the midst of a global selloff

Associated Press + More

NEW YORK (AP) — U.S. futures are falling in what is turning into a very rough week for stock markets across the globe.

Cited repeatedly as the cause for this week's heavy declines is uncertainty about how central banks will ease out of markets that they had propped up during the worst of the economic crisis.

Dow Jones industrial futures are down 36 points to 14,995.23. S&P futures have lost 5 points to 1,612.52. Nasdaq futures are down 8 points to 2,926.14.

Investors in Japan began the rout, bailing out of the Nikkei and sending the index plunging more than 6 percent. The huge losses spread to China, across Asia, to Europe and now to the United States.

The U.S. releases data Thursday on retail sales, jobs and business inventories.

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