U.S. Markets Sink Ahead Of Another Expected Interest Rate Hike

Futures for the Dow Jones industrials and for the S&P 500 each tumbled nearly 1% Monday morning.

Wall Street pointed lower before the opening bell Monday ahead of another expected large interest rate hike from the U.S. Federal Reserve.

Futures for the Dow Jones industrials and for the S&P 500 each tumbled 0.9%.

Britain was observing a day of mourning for Queen Elizabeth II. Japan’s markets were closed for a holiday.