Stocks fall ahead of jobs report
US stock futures fell sharply on Wednesday morning as investors awaited the latest labour market assessment.
As for stocks, companies owning big tech companies were under pressure again a day after bouncing back after Monday's sharp sell-off. That came as social media giant Facebook Inc. remained in the spotlight a day after a whistleblower testified about the harmful effects of its platform.
Elsewhere, Palantir Technologies Inc. was awarded an $823 million contract for a US Army intelligence programme.
On the commodities side, West Texas Intermediate crude fell 43 cents to $78.50 a barrel and gold fell $10.10 to $1,750.80 an ounce.
External markets were weaker across the board.
In Europe, Germany's DAX 30 was down 2.37%, while France's CAC 40 and Britain's FTSE 100 were down 2.27% and 1.80% respectively.
Japan's Nikkei 225 was down 1.05% and Hong Kong's Hang Seng was down 0.57%. China's Shanghai Composite remained closed due to the weekend.