U.S. stock index futures pointed to a mixed open on Wall Street on Thursday following Wednesday's sharp sell-off triggered by rising concerns over the outlook for the global economy.
Futures for the S&P 500 were up 0.09 percent, Dow Jones futures up 0.23 percent and Nasdaq 100 futures down 0.12 percent at 4:11 a.m. ET.
Japan's Nikkei hit its lowest level in 13 months, hammered by concerns over a global slowdown that pushed the dollar to its weakest level in 15 years against the yen, but European stocks inched higher in morning trade following Wednesday's sharpest sell-off in six weeks.
Oil fell for a third straight day, down 21 cents at $77.79 a barrel, while the dollar dipped after scoring its biggest daily gain for nearly two years against most major currencies the previous day as concerns about the U.S. and global economies triggered a wave of unwinding short dollar positions.
According to an NBC News/Wall Street Journal poll released on Wednesday, pessimism over the U.S. economy is rising and the grim mood could hurt both parties in the November 2 Congressional elections.
Shares of Cisco Systems Inc
Shares of Cisco traded in Frankfurt
Bookseller Barnes & Noble Inc
American International Group Inc
General Motors Co
Companies scheduled to post earnings on Thursday include Nvidia Corp
U.S. stocks surrendered the year's gains in a sharp sell-off on Wednesday as fears of a stalled global economic recovery prompted investors to dump risky assets such as equities and oil and buy government bonds.
The Dow Jones industrial average <.DJI> ended down 265.42 points, or 2.49 percent, at 10,378.83. The Standard & Poor's 500 Index <.SPX> closed down 31.59 points, or 2.82 percent, at 1,089.47. The Nasdaq Composite Index <.IXIC> shed 68.54 points, or 3.01 percent, to 2,208.63.
(Reporting by Blaise Robinson; Editing by Michael Shields)