US equities sell-off goes on; futures slump

Thursday, May 23rd, 2013 | Finance News

NEW YORK (AP) — 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.

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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