Stock futures point to lower start as coronavirus fears put market on track for worst week since 2008 financial crisis

Stock-index futures trimmed overnight losses but continued to point to a lower start Friday, a day after major benchmarks tumbled into correction territory, as investor fears heightened over just how much damage the fast-spreading COVID-19 virus will wreak on the global economy.

U.S. stocks were on track for their biggest weekly decline since 2008.

How are major benchmarks trading?

Dow Jones Industrial Average futures YM00, -1.50%  were off 102 points, or 0.4%, at 25,450, while S&P 500 futures ES00, -1.76%  dropped 10.65 points, or 0.4%, to 2,946.25. Nasdaq-100 futures NQ00, -1.96% fell 28.75 points, or 0.4%, to 8,354. 

On Thursday, the Dow industrials DJIA, -4.42% lost 1,190.90 points, or 4.4%, to close below 26,000 at 25,766.60, while the S&P 500 SPX, -4.42%  slid 137.63 points, or 4.4%, to end at 2,978.76. The Nasdaq Composite COMP, -4.61% slumped 414.29 points, or 4.6%, finishing at 8,566.48.

Read: Dow’s weekly skid would rank within the top 15 worst in its 124-year history

All three U.S. benchmark stock indexes closed in correction territory Thursday, defined as a decline of at least 10%, but not more than 20%, from a recent peak. For the S&P 500 and Nasdaq, it marked the worst daily percentage drop since Aug. 18, 2011, but the steepest since Feb. 5, 2018, for the Dow.

See: S&P 500 tumbles from record finish to correction in just 6 trading days as stock-market rout accelerates

The Dow is now down 9.71% for the year, while the S&P 500 is off 7.80% year-to-date, and the Nasdaq has lost 4.53%.

Also read: Stock market slammed by fears coronavirus will deliver a ‘supply shock’ that central bankers can’t fix

What’s driving the market?

Analysts said there were few signs investors were eager to wade back into the market following the acceleration of the selloff on

Read More Here...

Stock futures point to lower start as coronavirus fears put market on track for worst week since 2008 financial crisis

Stock-index futures trimmed overnight losses but continued to point to a lower start Friday, a day after major benchmarks tumbled into correction territory, as investor fears heightened over just how much damage the fast-spreading COVID-19 virus will wreak on the global economy.

U.S. stocks were on track for their biggest weekly decline since 2008.

How are major benchmarks trading?

Dow Jones Industrial Average futures YM00, -1.44%  were off 102 points, or 0.4%, at 25,450, while S&P 500 futures ES00, -1.66%  dropped 10.65 points, or 0.4%, to 2,946.25. Nasdaq-100 futures NQ00, -1.85% fell 28.75 points, or 0.4%, to 8,354. 

On Thursday, the Dow industrials DJIA, -4.42% lost 1,190.90 points, or 4.4%, to close below 26,000 at 25,766.60, while the S&P 500 SPX, -4.42%  slid 137.63 points, or 4.4%, to end at 2,978.76. The Nasdaq Composite COMP, -4.61% slumped 414.29 points, or 4.6%, finishing at 8,566.48.

Read: Dow’s weekly skid would rank within the top 15 worst in its 124-year history

All three U.S. benchmark stock indexes closed in correction territory Thursday, defined as a decline of at least 10%, but not more than 20%, from a recent peak. For the S&P 500 and Nasdaq, it marked the worst daily percentage drop since Aug. 18, 2011, but the steepest since Feb. 5, 2018, for the Dow.

See: S&P 500 tumbles from record finish to correction in just 6 trading days as stock-market rout accelerates

The Dow is now down 9.71% for the year, while the S&P 500 is off 7.80% year-to-date, and the Nasdaq has lost 4.53%.

Also read: Stock market slammed by fears coronavirus will deliver a ‘supply shock’ that central bankers can’t fix

What’s driving the market?

Analysts said there were few signs investors were eager to wade back into the market following the acceleration of the selloff on

Read More Here...

Stock futures point to lower start as coronavirus fears put market on track for worst week since 2008 financial crisis

Stock-index futures trimmed overnight losses but continued to point to a lower start Friday, a day after major benchmarks tumbled into correction territory, as investor fears heightened over just how much damage the fast-spreading COVID-19 virus will wreak on the global economy.

U.S. stocks were on track for their biggest weekly decline since 2008.

How are major benchmarks trading?

Dow Jones Industrial Average futures YM00, -0.42%  were off 102 points, or 0.4%, at 25,450, while S&P 500 futures ES00, -0.38%  dropped 10.65 points, or 0.4%, to 2,946.25. Nasdaq-100 futures NQ00, -0.33% fell 28.75 points, or 0.4%, to 8,354. 

On Thursday, the Dow industrials DJIA, -4.42% lost 1,190.90 points, or 4.4%, to close below 26,000 at 25,766.60, while the S&P 500 SPX, -4.42%  slid 137.63 points, or 4.4%, to end at 2,978.76. The Nasdaq Composite COMP, -4.61% slumped 414.29 points, or 4.6%, finishing at 8,566.48.

Read: Dow’s weekly skid would rank within the top 15 worst in its 124-year history

All three U.S. benchmark stock indexes closed in correction territory Thursday, defined as a decline of at least 10%, but not more than 20%, from a recent peak. For the S&P 500 and Nasdaq, it marked the worst daily percentage drop since Aug. 18, 2011, but the steepest since Feb. 5, 2018, for the Dow.

See: S&P 500 tumbles from record finish to correction in just 6 trading days as stock-market rout accelerates

The Dow is now down 9.71% for the year, while the S&P 500 is off 7.80% year-to-date, and the Nasdaq has lost 4.53%.

Also read: Stock market slammed by fears coronavirus will deliver a ‘supply shock’ that central bankers can’t fix

What’s driving the market?

Analysts said there were few signs investors were eager to wade back into the market following the acceleration of the selloff on

Read More Here...

Stock futures point to lower start as coronavirus fears put market on track for worst week since 2008 financial crisis

Stock-index futures trimmed overnight losses but continued to point to a lower start Friday, a day after major benchmarks tumbled into correction territory, as investor fears heightened over just how much damage the fast-spreading COVID-19 virus will wreak on the global economy.

U.S. stocks were on track for their biggest weekly decline since 2008.

How are major benchmarks trading?

Dow Jones Industrial Average futures YM00, -0.22%  were off 102 points, or 0.4%, at 25,450, while S&P 500 futures ES00, -0.18%  dropped 10.65 points, or 0.4%, to 2,946.25. Nasdaq-100 futures NQ00, -0.11% fell 28.75 points, or 0.4%, to 8,354. 

On Thursday, the Dow industrials DJIA, -4.42% lost 1,190.90 points, or 4.4%, to close below 26,000 at 25,766.60, while the S&P 500 SPX, -4.42%  slid 137.63 points, or 4.4%, to end at 2,978.76. The Nasdaq Composite COMP, -4.61% slumped 414.29 points, or 4.6%, finishing at 8,566.48.

Read: Dow’s weekly skid would rank within the top 15 worst in its 124-year history

All three U.S. benchmark stock indexes closed in correction territory Thursday, defined as a decline of at least 10%, but not more than 20%, from a recent peak. For the S&P 500 and Nasdaq, it marked the worst daily percentage drop since Aug. 18, 2011, but the steepest since Feb. 5, 2018, for the Dow.

See: S&P 500 tumbles from record finish to correction in just 6 trading days as stock-market rout accelerates

The Dow is now down 9.71% for the year, while the S&P 500 is off 7.80% year-to-date, and the Nasdaq has lost 4.53%.

Also read: Stock market slammed by fears coronavirus will deliver a ‘supply shock’ that central bankers can’t fix

What’s driving the market?

Analysts said there were few signs investors were eager to wade back into the market following the acceleration of the selloff on

Read More Here...

Dow is set to tank again after Thursday's massive tumble on coronavirus fears – msnNOW

U.S. stock futures pointed to more losses early Friday after the major indexes suffered a tumble that sent them more than 10% below their record highs.

Load Error

As of 7:14 a.m. ET, Dow Jones Industrial Average futures indicated an opening loss of 400 points. S&P 500 and Nasdaq 100 futures also pointed to a sharply lower open on Friday.

Futures were under pressure in part because investors kept adding to their bond-market exposure. The benchmark U.S. 10-year Treasury yield touched a fresh record low. It was last at 1.18%. Yields move inversely to prices.

Kevin Warsh, a former Federal Reserve governor, said Friday he expects global central banks to act soon in response to the coronavirus outbreak.

The Fed has “a knife. There’s a gunfight,” he said. “You might as well go find some friends that also have knives and see if you can’t to it together.”

Caterpillar — a bellwether stock for global growth — was the worst performer among Dow stocks in the premarket, sliding more than 3%. Apple shares slid 2.9% while Chevron and Cisco Systems dipped more than 2% each.

New Zealand and Nigeria reported overnight their first coronavirus cases. South Korea, meanwhile, confirmed more than 500 new cases. China reported 327 additional cases.

The Dow plummeted nearly 1,200 points on Thursday — its biggest one-day point drop ever — as worries over the coronavirus possibly spreading sent stocks spiraling lower. The 30-stock average closed in correction territory along with the S&P 500 and Nasdaq Composite.

The Dow had closed at a record high on Feb. 12. It only took the S&P 500 six days to fall from an all-time high into correction levels, marking the broad index’s fastest drop of that magnitude outside of a one-day crash.

“People have been so preconditioned to

Read More Here...

Dow is set to tank again after Thursday's massive tumble on coronavirus fears – msnNOW

U.S. stock futures pointed to more losses early Friday after the major indexes suffered a tumble that sent them more than 10% below their record highs.

Load Error

As of 7:14 a.m. ET, Dow Jones Industrial Average futures indicated an opening loss of 400 points. S&P 500 and Nasdaq 100 futures also pointed to a sharply lower open on Friday.

Futures were under pressure in part because investors kept adding to their bond-market exposure. The benchmark U.S. 10-year Treasury yield touched a fresh record low. It was last at 1.18%. Yields move inversely to prices.

Kevin Warsh, a former Federal Reserve governor, said Friday he expects global central banks to act soon in response to the coronavirus outbreak.

The Fed has “a knife. There’s a gunfight,” he said. “You might as well go find some friends that also have knives and see if you can’t to it together.”

Caterpillar — a bellwether stock for global growth — was the worst performer among Dow stocks in the premarket, sliding more than 3%. Apple shares slid 2.9% while Chevron and Cisco Systems dipped more than 2% each.

New Zealand and Nigeria reported overnight their first coronavirus cases. South Korea, meanwhile, confirmed more than 500 new cases. China reported 327 additional cases.

The Dow plummeted nearly 1,200 points on Thursday — its biggest one-day point drop ever — as worries over the coronavirus possibly spreading sent stocks spiraling lower. The 30-stock average closed in correction territory along with the S&P 500 and Nasdaq Composite.

The Dow had closed at a record high on Feb. 12. It only took the S&P 500 six days to fall from an all-time high into correction levels, marking the broad index’s fastest drop of that magnitude outside of a one-day crash.

“People have been so preconditioned to

Read More Here...

Dow is set to tank again after Thursday's massive tumble on coronavirus fears – msnNOW

U.S. stock futures pointed to more losses early Friday after the major indexes suffered a tumble that sent them more than 10% below their record highs.

Load Error

As of 7:14 a.m. ET, Dow Jones Industrial Average futures indicated an opening loss of 400 points. S&P 500 and Nasdaq 100 futures also pointed to a sharply lower open on Friday.

Futures were under pressure in part because investors kept adding to their bond-market exposure. The benchmark U.S. 10-year Treasury yield touched a fresh record low. It was last at 1.18%. Yields move inversely to prices.

Kevin Warsh, a former Federal Reserve governor, said Friday he expects global central banks to act soon in response to the coronavirus outbreak.

The Fed has “a knife. There’s a gunfight,” he said. “You might as well go find some friends that also have knives and see if you can’t to it together.”

Caterpillar — a bellwether stock for global growth — was the worst performer among Dow stocks in the premarket, sliding more than 3%. Apple shares slid 2.9% while Chevron and Cisco Systems dipped more than 2% each.

New Zealand and Nigeria reported overnight their first coronavirus cases. South Korea, meanwhile, confirmed more than 500 new cases. China reported 327 additional cases.

The Dow plummeted nearly 1,200 points on Thursday — its biggest one-day point drop ever — as worries over the coronavirus possibly spreading sent stocks spiraling lower. The 30-stock average closed in correction territory along with the S&P 500 and Nasdaq Composite.

The Dow had closed at a record high on Feb. 12. It only took the S&P 500 six days to fall from an all-time high into correction levels, marking the broad index’s fastest drop of that magnitude outside of a one-day crash.

“People have been so preconditioned to

Read More Here...

Dow is set to tank again after Thursday's massive tumble on coronavirus fears – msnNOW

U.S. stock futures pointed to more losses early Friday after the major indexes suffered a tumble that sent them more than 10% below their record highs.

Load Error

As of 7:14 a.m. ET, Dow Jones Industrial Average futures indicated an opening loss of 400 points. S&P 500 and Nasdaq 100 futures also pointed to a sharply lower open on Friday.

Futures were under pressure in part because investors kept adding to their bond-market exposure. The benchmark U.S. 10-year Treasury yield touched a fresh record low. It was last at 1.18%. Yields move inversely to prices.

Kevin Warsh, a former Federal Reserve governor, said Friday he expects global central banks to act soon in response to the coronavirus outbreak.

The Fed has “a knife. There’s a gunfight,” he said. “You might as well go find some friends that also have knives and see if you can’t to it together.”

Caterpillar — a bellwether stock for global growth — was the worst performer among Dow stocks in the premarket, sliding more than 3%. Apple shares slid 2.9% while Chevron and Cisco Systems dipped more than 2% each.

New Zealand and Nigeria reported overnight their first coronavirus cases. South Korea, meanwhile, confirmed more than 500 new cases. China reported 327 additional cases.

The Dow plummeted nearly 1,200 points on Thursday — its biggest one-day point drop ever — as worries over the coronavirus possibly spreading sent stocks spiraling lower. The 30-stock average closed in correction territory along with the S&P 500 and Nasdaq Composite.

The Dow had closed at a record high on Feb. 12. It only took the S&P 500 six days to fall from an all-time high into correction levels, marking the broad index’s fastest drop of that magnitude outside of a one-day crash.

“People have been so preconditioned to

Read More Here...

Dow is set to tank again after Thursday's massive tumble on coronavirus fears – msnNOW

U.S. stock futures pointed to more losses early Friday after the major indexes suffered a tumble that sent them more than 10% below their record highs.

Load Error

As of 7:14 a.m. ET, Dow Jones Industrial Average futures indicated an opening loss of 400 points. S&P 500 and Nasdaq 100 futures also pointed to a sharply lower open on Friday.

Futures were under pressure in part because investors kept adding to their bond-market exposure. The benchmark U.S. 10-year Treasury yield touched a fresh record low. It was last at 1.18%. Yields move inversely to prices.

Kevin Warsh, a former Federal Reserve governor, said Friday he expects global central banks to act soon in response to the coronavirus outbreak.

The Fed has “a knife. There’s a gunfight,” he said. “You might as well go find some friends that also have knives and see if you can’t to it together.”

Caterpillar — a bellwether stock for global growth — was the worst performer among Dow stocks in the premarket, sliding more than 3%. Apple shares slid 2.9% while Chevron and Cisco Systems dipped more than 2% each.

New Zealand and Nigeria reported overnight their first coronavirus cases. South Korea, meanwhile, confirmed more than 500 new cases. China reported 327 additional cases.

The Dow plummeted nearly 1,200 points on Thursday — its biggest one-day point drop ever — as worries over the coronavirus possibly spreading sent stocks spiraling lower. The 30-stock average closed in correction territory along with the S&P 500 and Nasdaq Composite.

The Dow had closed at a record high on Feb. 12. It only took the S&P 500 six days to fall from an all-time high into correction levels, marking the broad index’s fastest drop of that magnitude outside of a one-day crash.

“People have been so preconditioned to

Read More Here...

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