Equity futures continue sliding this morning after the stock market was dealt a crushing blow yesterday. The S&P 500 dropped 3.9% ― it’s biggest one-day decline in more than a year ― while the Dow fell 3.6% and the Nasdaq slid 4.1%. This morning, futures indicate stocks will open lower. Dow futures are 71 points lower at 9,985. The index has already fallen 9.44% over the past month, so a poor end to the week could push that decline into a double-digit percentage point drop. The S&P 500, which has already fallen more than 10 percent since its April highs, looks to open lower by 7.50 points at 1,062.00. The S&P yesterday closed below its 200-day moving average for the first time in more than a year. The 2 year Treasury note yield 1.7 basis points lower at 0.699% while the benchmark...(read more)

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