U.S. stocks are poised to open sharply lower this Black Friday morning, joining a global selloff that began Thursday when U.S. markets were closed for the Thanksgiving holiday. Late Wednesday, Dubai said it has asked for a stay on two of its largest companies' debt, sending world markets skidding as investors lost confidence and tried to get a grip on banks' exposure to the debt.
As U.S. markets play catch-up to global stocks, they will do so only until 1:00 p.m. Eastern when markets close. Trading could be thin, which may contribute to the downward move. Investors will also focus on retail today as Black Friday starts the holiday shopping season.
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Before the bell: Futures sharply lower on Dubai's debt problems
