Stock futures are pointing to heavy losses for Wall Street as stalled budget talks ratchet up the chances the U.S. will hurtle over the full fiscal cliff. Dow futures are down 193 points, or 1.4%, while S&P 500 and Nasdaq 100 futures are down by roughly the same margin on a percent basis. Traders are also bidding up safe-haven assets like U.S. Treasury bonds and gold.

Leave a Comment ()