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General Motors Corp. declined 13 percent and Ford Motor Co. lost 14 percent after Toyota Motor Corp., the world’s second- largest automaker, reported its first sales decline in seven years. Apple Inc. fell 7.9 percent as Samsung Electronics Co., Asia’s biggest maker of chips and mobile phones, had its steepest profit drop in more than three years. Exxon Mobil Corp. lost 6.4 percent as oil and gasoline prices retreated.

“Investors are surprised by the full stop in the underlying global economy,” said Espen Furnes, an Oslo-based money manager at Storebrand Asset Management, which oversees the equivalent of $48 billion. “It’s everywhere now. I don’t think any major economies will escape this.”

S&P 500 futures expiring in December fell 60 points, or 6.6 percent, to 855.20 as of 8:15 a.m. in New York. The SPDR Trust Series 1, an exchange-traded fund tracking the S&P 500, slumped 6.8 percent to $85.40. Dow futures dropped 550, or 6.3 percent, to 8,224, while Nasdaq-100 Index futures retreated 85, or 6.8 percent, to 1,168.50.

The S&P 500 futures will not trade below 855.20 until U.S. exchanges open for regular trading at 9:30 a.m. New York time, said Jeremy Hughes, a London-based spokesman for the Chicago Mercantile Exchange. Dow Average futures won’t trade below 8,224, while Nasdaq-100 futures won’t fall below 1,168.50, he said. The “limit down” suspension allows both contracts to trade above those levels, he said.