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US Stocks Braced for More Selling as Global Markets Tumble in Wall Street's Wake

Martin Baccardax

Wall Street futures point to a heavy opening bell decline Thursday, with the Dow set for a 150 point slump following the biggest single-day decline for U.S. Stocks in at least eight months. Softer-than-expected September CPI reading helped U.S. stocks pare pre-market declines, with annual inflation now measured at a 2.3% clip. European and Asia markets sold off sharply overnight, with tech stocks leading the decline, as China's Shanghai Composite fell more than 5.2% and the Stoxx 600 benchmark slipped past a 20-month low.