News that French President Nicolas Sarkozy was lagging in the French presidential elections also rattled investors. Futures for the Dow Jones Industrial Average were dropping 122 points, or 105.3 points below fair value, at 12,866. Futures for the S&P 500 were down 13.3 points, or 12.4 points below fair value, at 1362. Futures for the Nasdaq were falling 20.8 points, or 18.3 points below fair value, at 2654.
NEW YORK ( TheStreet) -- U.S. stock futures were plunging Monday, dragged lower by data hinting at economic contraction in China and the eurozone.