* Futures for the Dow Jones industrial average DJc1, the Nasdaq 100 NDc1 and the S&P 500 SPc1 share indexes are down 2.2-3.8 percent, pointing to a sharply lower start on Wall Street.
* The U.S. government is weighing guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits, in a bid to unfreeze bank lending and staunch massive losses in equity markets, The Wall Street Journal reported.
* The New York Times said U.S. and British officials appeared to be converging on a similar blueprint to stem financial chaos involving injections of government money into banks in return for ownership stakes and guarantees of repayment for various types of loans.
* On the companies front, General Electric (GE.N: Quote, Profile, Research, Stock Buzz), bellwether for the U.S. economy, is due to report results. The company lowered its third-quarter outlook on Sept. 25.
* U.S stocks plummeted on Thursday as investors bet recent moves by authorities worldwide to thaw frozen credit markets would not be enough to avert a global recession. Japan's Nikkei .N225 plunged 9.6 percent on Friday, while European stocks sank by more than 10 percent before paring losses.
* Commodity stocks are set to slide, with crude prices tumbling more than 5 percent to trade below $82 a barrel and metals prices registering steep losses. (Reporting by Atul Prakash; Editing by Quentin Bryar)
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