(This is CNBC Pro's live coverage of Monday's Wall Street chatter as global markets sell off. Please refresh every 20-30 minutes to view the latest posts.) Stock markets around the world are selling off to start the week, as investors fear the U.
S. could be headed into a recession amid a spate of softening economic data. Japan's Nikkei 225 had its biggest one-day drop since 1987 overnight, losing 12.
4% . The Korean Kospi index also shed 8.7%.
In Europe , the Stoxx 600 index has shed more than 2%. U.S.
stock futures also pointed to steep losses at Monday's open . Dow Jones Industrial Average futures were down more than 600 points, or 1.6%.
Nasdaq-100 futures plunged 4.3%, and S & P 500 futures lost 2.6%.
Follow along for the latest chatter and reaction to the sell-off. All times ET. 5:51 a.
m.: Recession signals are 'coming home to roost', Evercore ISI says Signs of a recession are starting to pile up, according to Evercore ISI Chairman Ed Hyman. "With the soft employment report, the NASDAQ correction, the plunge in bond yields, and the plunge in commodity prices, it's possible we're seeing recession signals coming home to roost," Hyman wrote in a Sunday note.
His comments came after the U.S. government reported employment growth that was well below economist expectations on Friday.
That report sent equities tumbling, with the Nasdaq Composite closing in a correction — down more than 10% below. The data also led to some on the Street to increase their odds for a 0.5 percentag.