Daily news: U.S. stock futures point to Market mini Crash

Today Daily news: on Monday, January 21, when market is Closed, March contracts on the Dow Jones Industrial Average traded 522 points lower to 11,584 as of 11:30 a.m. Eastern.

Futures contract don't move in complete lockstep to the underlying indexes, but by comparison, the Dow industrials fell 382 points on Sept. 20, 2001, just days after the terrorist attack on the Twin Towers, and by 387 points on Aug. 9, 2007, shortly after the recent credit crunch first emerged.
S&P 500 futures fell 60 points to 1,265.00 and Nasdaq 100 futures fell 76 points to 1,773.25.

Monday Trading in Europe:
Leading national indexes also slumped, with the French CAC-40 index ending the day down 6.8% to 4,744.45,

the German DAX 30 index down 7.2% to 6,790.19,

while the U.K. FTSE 100 index finished 5.5% lower to 5,578.20.

Asia markets:
In Hong Kong, the Hang Seng index finished down 5.5% at 23,818.86 and the Hang Seng China Enterprises Index skidded 7.1% to 13,531.45.

Japan's Nikkei slumped 3.9% to 13,436.94, its lowest finish since October 2005, while the broader Topix fell 3.6% to 1,293.74.



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