GLOBAL PLUNGE CONTINUES

JOE WEISENTHAL

 OCT. 10, 2014

REUTERS/Kena Betancur

The global market plunge continues.

Yesterday we saw the Dow give up more than 300 points, and markets again awash in a sea of red.

France is down 1.6%. German shares are down over 2%.

Hong Kong’s Hang Seng fell nearly 2%, while Japan lost just over 1%.

US futures are all lower, by just under 1%.

It’s ugly on the commodity side of things as well. Crude futures have dropped below $85. Industrial commodities and precious metals are down as well?

Why is everything selling? Nobody can say for sure, but the dominant themes are global growth slowdown, and a tightening Federal reserve.