Dow Jones Futures Dive Ahead Of Powell Comments As Global Recession Fears Mount

Dow Jones futures dived 425 points Friday morning ahead of Fed chief Jerome Powell’s comments at a Federal Reserve event in Washington D.C. The early action threatened to extend the stock market’s three-day losing streak, putting the Nasdaq and S&P 500 on track for their sixth weekly drop in the past seven weeks.




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European indexes were also knocked down Friday after business surveys showed that economic activity in Europe declined sharply in September, raising the risk of recession.

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