Dow futures, reversing overnight losses, were pointing to bounce at Friday's open after Wall Street suffered its worst session since the 'Black Monday' stock market crash in 1987.
tanked 9.5%, joining the Dow in bear market territory and officially ending the longest bull market ever. From its financial crisis low on March 9, 2009 to its all-time high close of 3,386 on Feb. 19, the S&P 500 had gained 400%. But since last month's record, the index lost nearly 27%. A bear market is defined by a decline of at least 20% from recent 52-week highs.
expects the Federal Reserve to cut interest rates a full 1% at next week's March meeting. Such a move would take the key fed funds overnight lending rate to a financial crisis low range of 0%-0.25%. Near-zero rates began in December 2008 and remained there for seven years. On Thursday, stocks briefly pared some of their losses after the Fed said it would take a series of moves
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