[building implosion explosion demolition] Global markets are selling off on Monday morning. US stock futures are sharply lower at the start of the week and look set to extend Friday's sell-off when trading starts. At 7:30 a.m. ET, Dow futures were down more than 210 points, S&P 500 futures were down 35 points (or 1.85%), and Nasdaq futures were off 146 points, or 3%. Stocks fell on Friday after we got the January jobs report, which missed on the headline with 151,000 new jobs but which also saw the unemployment rate fall to 4.9%. There was also some wage growth. Major indexes across the world were also dark red, including Greece's ASE Index, which was down nearly 6% and touched its weakest level in about 26 years. Crude oil was also lower, with West Texas Intermediate crude in New York hitting $30 a barrel, down nearly 3%. The OPEC members Saudi Arabia and Venezuela met on Sunday, but there was no evidence that any definitive steps would be taken toward more meetings to talk about production levels, according to Reuters. Meanwhile, gold continued to get a strong safety bid after Friday's rally, jumping nearly $20 an ounce, or about 1.7%, to at least three-month highs near $1,183.60. US Treasurys were also rallying, so their yields fell. The benchmark 10-year note's yield was down about 6 basis points to 1.788%. Stock markets in China remain closed because of celebrations for the new year. No major US economic data is on deck today, with focus this week being on Federal Reserve Chair Janet Yellen's semiannual two-day testimony on Capital Hill beginning Wednesday. You can find our complete preview of this week's big economic events here. More to come ... SEE ALSO: GRANTHAM: THE STOCK MARKET SELL-OFF MAKES ME NERVOUS, BUT I FEAR THE BIG CRASH IS COMING LATER Join the conversation about this story » NOW WATCH: Hidden Facebook tricks you need to know
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