FRANKFURT, Germany (AP) More wild market swings appeared imminent today, with U.S. stocks heading sharply lower after the largest single-day point gain in history for the Dow.
Slowing economic growth globally and a partial U.S. government shutdown heading into its sixth day whipsawed markets from Europe to Asia. Dow futures pointed to a 400-point loss less than two hours before the opening bell, following a 1,000-point gain the previous day.
Trading resumed in European markets which had been closed for the Christmas holiday, and the German DAX slid 1.7 percent to 10,447.53. Frances CAC 40 gave up 0.1 percent, to 4,619.74. Britains FTSE 100 fell a full percentage point to 6,616.55.
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