Wall Street futures resume fall as economic worries weigh

Futures down: Dow 0.76%, S&P 0.84%, Nasdaq 1.02%

Sept 29 (Reuters) – The Dow and S&P futures fell for the seventh time in eight sessions on Thursday as investors worried about a global downturn from aggressive rate hikes by central banks and weighed the risk of a potential contagion from a turmoil in UK markets.

Megacap growth names such as Amazon.com Inc , Apple Inc (AAPL.O), Microsoft Corp , Meta Platforms Inc and Tesla Inc (TSLA.O) lost between 0.8% and 1.6% in premarket trading.

U.S. stocks ended sharply higher on Wednesday, as markets globally took heart from the Bank of England seeking to stabilize UK markets after a turmoil caused by the government’s new economic plan.

But calm from the BoE’s bond purchases promise proved short-lived with a rout in gilts spilling over into even safe-haven U.S. Treasuries and top-rated German bonds. read more

Wall Street’s main indexes…