Futures Look Bad For The Dow On Monday As Futures Drop Sharply

NEW YORK (CNNMoney) -- Stock futures tumbled more than 2% at the start of electronic trading Sunday, signaling a nasty investor reaction to the Standard & Poor's downgrade of the nation's debt.
The reaction of major world markets was scheduled to begin later in the evening.

According to data from the Chicago Mercantile Exchange, S&P 500 futures fell 30 points, or 2.7%. Nasdaq-100 futures contracts slipped 54 points, or 2.5%. Dow Jones industrial average futures were 292 points, or 2.6%, lower.

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