(MENAFN- ProactiveInvestors)US stocks are seen crashing again as the global sell-off continues after crude prices sank overnight and the Fed chair Janet Yellen spoke to Congress. Futures for the Dow Jones are down 1.67% or a whopping 265 points while S&P500 futures are 32 down and the tech heavy Nasdaq futures are trading down 82 points. It comes after volatile trading yesterday which saw an initial positive reaction to Yellen's balanced tone between dovishness and hawkishness on the state of the US economy and macro environment gradually fade away. The Dow finished 99 down at 15915 while the S&P500 was flat at 1852 and the Nasdaq Composie ended 15 poinbts ahead at 4284. Sentiment is being bashed again by the oil price today which saw crude futures overnight plummet to below US$27 a barrel. Spot US crude at the time of writing is down 3.75% at US$26.42. Safe haven gold is up 2.8% at US$1228 an ounce. European shares are spiralling south too with Footsie down 2.3% and the German DAX 2.54% lower. Yellen continues her testimony today which will be closely watched while stocks in focus are Twitter (NYSE:TWTR) which lost around 6.5% after hours trading after reporting it lost 2mln users in the December quarter. Electric car giant Tesla (NASDAQ: TSLA) climbed over 3% after an earnings update reassured investors.
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