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U.S. Futures Point to Sharply Lower Open

Thursday,   06-Dec-2018   04:29 PM (IST)

U.S. stock futures pointed to a sharply lower open on Wall Street, with Dow futures tumbling more than 450 points as concerns over U.S.-Sino relations and a possible U.S. economic slowdown weighed.The blue-chip Dow futures fell around 480 points, or about 1.9%, the S&P 500 futures lost 49 points, or around 1.85%, while the tech-heavy Nasdaq 100 futures shed 167 points, or 2.46%.The losses came as U.S. stock and Treasury markets reopened after being closed on Wednesday to mark the death of former President George H.W. Bush.On Tuesday, the Dow Jones Industrial Average fell almost 800 points, its largest one-day decline since Oct. 10.Worries about a U.S. economic slowdown hit markets this week after an inversion in a part of the U.S. Treasury yield curve triggered concerns about U.S. economic weakness. A flatter curve is seen as an indicator of a slowing economy.