"U.S. stock futures tumbled after employers cut jobs at the fastest pace in 34 years last month, spurring concern that the deepening recession will prolong a 15- month slump in corporate profits," reports Bloomberg News here.

"JPMorgan Chase & Co., American Express Co. and Microsoft Corp. led declines in Dow Jones Industrial Average stocks trading in Europe after the government said the nation lost 533,000 jobs last month, 59 percent more than the average estimate in a Bloomberg survey of economists. Benchmark indexes were poised to post their fourth weekly drops since October."