U.S. stock futures point to a sharp drop at Wednesday's open on Wall Street, which would add to Tuesday's plunge.
stoked worries over the U.S. economy. Tuesday's losses, which were the worst since Aug. 23, erased the Dow's entire third-quarter gains. However, the Dow still sits only about 3% below its July all-time highs.Market odds on another quarter-point Federal Reserve interest rate cut next month to boost the economy moved up to nearly 64%. Whether those chances for a rate reduction go up or down could depend on two key reports this week on the labor market.
Wednesday, is expected to show a gain of 125,000 positions. The other important jobs snapshot comes Friday with the government's September employment report.A police officer scuffles with a pro-China demonstrator as anti-government protesters rally at Wan Chai district, on China's National Day in Hong Kong, China October 1, 2019.
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