Market Futures Plummet as Dow and S&P 500 Take a Hit

Stock futures indicate further losses in U.S. markets following Tuesday's decline driven by falling oil prices. Saudi Arabia and Russia's decision to limit oil output through the end of the year has raised concerns about Chinese demand. The ISM Non-Manufacturing Index for August will provide insight into the strength of the economy. Yields on 10-year Treasury notes remain near 2023 highs, the yen hits a 10-month low against the dollar, and GameStop will release its quarterly earnings after markets close.