US STOCKS-Futures drop on mounting concerns over global slowdown

lunes 8 de febrero de 2016 08:34 GYT

* Futures down: Dow 192 pts, S&P 23 pts, Nasdaq 80 pts

By Abhiram Nandakumar

Feb 8 (Reuters) - U.S. stock index futures were lower on Monday, with the Dow Jones industrial average slipping nearly 200 points, as fears of a global economic slowdown worsening rattle investors.

* U.S. stocks are coming off Friday's massive tech-led selloff that pushed the Nasdaq to its lowest close since October 2014. Tech stocks were again among the top losers in premarket trading on Monday.

* Crude oil prices fell more than 2 percent after a meeting between Saudi Arabia and Venezuela failed to reassure investors of measures to help prices.

* Demand for crude has been seen as a barometer for global economic health, and markets across the world have tracked the rise and fall in the price of the commodity this year.

* Global markets were lower, as was the dollar index. However, volumes were thin with some Asian markets closed for the Lunar New Year.

* A mixed U.S. jobs report on Friday, with a lower-than-expected job additions in January offset by falling unemployment and higher wages, added to investors' uncertainty.

* Economists said jobs report suggested a March interest rate increase from the Federal Reserve could not be completely ruled out. Traders have priced in a less than 50 percent chance of a hike in December, according to the CME Group's FedWatch program.   Continuación...