Wall Street futures follow global markets down

NEW YORK -- U.S. stock futures are down sharply, following selloffs in Asia and Europe, as concerns mount about the sustainability of an economic rebound.

Safe-haven investments like the dollar and Treasurys are rising, while most commodities are falling.

Investors around the globe have been jittery in recent weeks, wary of whether the economic recovery can maintain the same pace once government stimulus measures are removed.

Today, investors will get data on factory orders, as well as monthly sales reports from major automakers.

Ahead of the market's open, Dow Jones industrial average futures are down 94 at 9,641. Standard & Poor's 500 index futures are down 11 at 1,027, and Nasdaq 100 index futures are down 17 at 1,650.

-- The Associated Press