Global Selloff Intensifies With Focus on Fed Rescue

What You Need To Know

• Markets are extending last week's retreat, when a weak U.S. jobs report ignited fears that the Fed isn't moving fast enough to prevent a sharp economic downturn.
• At one point, Nasdaq futures tumbled 6.5%, coming close to triggering a circuit breaker, before paring the drop.
• Investors sought havens in government bonds and the Swiss franc.