Global Selloff Extended, U.S. Futures Follow

U.S. stock-index futures are extending a steep selloff that started in Asia on the back of worries about credit conditions in China and lingering concerns about the Fed’s plans to slow its bond buying. Dow futures are down 136 points, or 0.92%, while S&P 500 futures are off 1% in choppy trading. Treasury bonds are taking heavy losses as well, with the yield on the 10-year jumping 0.06 percentage point to 2.606%.