Shanghai Composite Index

KEEPING SCORE: Dow Jones futures slumped 170 points and the Standard & Poor's 500 gave up 20. In Europe, France's CAC-40 fell 0.9 percent to 4,632.59 and Germany's DAX lost 0.9 percent to 10,211.13. The U.K. was closed for a holiday. Wall Street looked set for losses at the open.

European stocks fell in early trading, with France's CAC 40 down 0.5 percent at 4,636.26 and Germany's DAX 0.9 percent lower at 10,219.43. Britain's FTSE 100 slipped 0.1 percent to 6,1845.64.

U.S. stocks were poised to open lower, with Dow futures down 1 percent to 16,493.00 while S&P 500 futures retreated 0.9 percent to 1,970.60.

The Shanghai Composite Index posted its first gain in six days to close at 3,083.59 points, bouncing back from losses that triggered worldwide selling and wiped nearly 23 percent off its value over the past week.

Wall Street was expected to rise on the open as European markets rose and Asian indexes closed higher.