US stock futures just took a nosedive

The first quarter wrapped on Tuesday with the Dow falling 200 points.

And at around 9:00 p.m. ET on Tuesday night in New York, US stock futures were taking a major leg lower.

Each of the major indexes was down more than 1%, with Dow futures falling more than 175 points, S&P 500 futures dropping 21 points, and Nasdaq futures off 52 points.

Meanwhile, Nikkei futures, which can sometimes drive US futures lower overnight as markets in Asia are open, are off about 1%.

And the VIX, which measures volatility, is up more than 6%.

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