Dow futures plummet more than 1,200 points

FAN Editor

Futures on the Dow Jones Industrial Average plummeted more than 1,200 points ahead of opening on Monday over fears of global economic fallout and uncertainty over falling oil prices.

Futures on the S&P 500 and Nasdaq both tumbled 4.8%.

Saudi Arabia slashed oil prices over the weekend, triggering a price war and sending U.S. crude oil prices plunging by more than 25%.   This is a developing story. Please check back for updates.

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