Dow futures drop 5%, hitting 'limit down' at the start of futures trading Sunday - CNN

Dow (INDU) futures dropped 954 points. S&P 500 (SPX) and Nasdaq (COMP) futures also fell around 5%.

The sharp drop in stock futures points to another volatile week for Wall Street as coronavirus continues to take a toll on public health and the economy in the United States and elsewhere.

The decline came shortly before a key procedural Senate vote on a massive stimulus package to help Americans handle the crisis failed Sunday evening, pushing out the timeline for relief.

Central banks and governments around the world last week announced a wave of stimulus measures aimed at bolstering economies and calming harried financial markets.

But the virus has continued to spread rapidly around the world — there are now more than 325,000 cases worldwide — forcing further travel restrictions, shut downs and disruptions for businesses, and threatening the global economy.

Let's block ads! (Why?)

Business - Latest - Google News
March 23, 2020 at 07:54AM
https://ift.tt/396IvWk

Dow futures drop 5%, hitting 'limit down' at the start of futures trading Sunday - CNN
Business - Latest - Google News
https://ift.tt/2Rx7A4Y

Bagikan Berita Ini