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US Markets
Stock futures fall, oil slides below $29 as markets extend losses
CNBC.comLucas Jackson | ReutersTraders work on the floor of the New York Stock Exchange.U.S. stock and oil futures fell on Sunday, indicating a lower open for Asian and European bourses, and potentially heralding more historic weakness in U.S. stocks after a long holiday weekend.
Last week, growing fears about the health of the global economy sent the Dow Jones Industrial Average to its worst ever two week start to a new year. The S&P 500 Index was left dangling near its lowest level in more than a year.
Crude, meanwhile, swooned below $30 a barrel to a 12-year low last week. All eyes will be on commodity markets, where lower oil is boosting consumer pricing power but wreaking havoc on oil producers worldwide. In early trading, crude futures fell below $29 per barrel.
Dow futures opened more than 50 points lower. S&P futures shed about 7 points in early dealings. Although U.S. markets are closed for the Martin Luther King holiday, stock futures are still open.
Read MoreBear market is here, so expect another 15% dive
Investors have bolted risk-sensitive assets over the state of China's financial and economic turmoil, and a prolonged slump in crude that—while giving consumers cheaper energy prices—threatens the financial health of major energy producers.
Overall, Wall Street has lost more than $3 trillion collectively in the last couple of weeks, according to one analyst's estimate.
Stock futures fall anew, suggesting more weakness...
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