Investors were unassuaged by news that the Federal Reserve is cutting interest rates to zero. US stock futures dropped 5% Sunday evening, hitting the 'limit down,' meaning they can't fall any further.
New York Investors were unassuaged by news that the Federal Reserve is cutting interest rates to zero. US stock futures dropped 5% Sunday evening, hitting the"limit down," meaning they can't fall any further.
Dow futures plummeted and were last down 1,041 points, or about 4.5%. S&P 500 futures were down about 4.8% , while Nasdaq futures were down 4.5%.Last week all three indexes fell into a bear market, declining more than 20% from their recent peak. Markets in Asia Pacific still continued their declines on Monday morning despite the region's central banks announcing various measures to support the economy. Australia's S&P/ASX 200 sank 7.4%.
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