The Dow Jones Industrial Average has lost more than 1,000 points this week.
U.S. stock futures pointed to gains at the open on Wednesday, following recent weakness in markets aggravated by oil's massive decline.
On Tuesday, the Dow Jones Industrial Average lost about 630 points, bringing its weekly decline to more than 1,000 points. The 30-stock index was dragged down by Merck & Co., which lost 5.5%, and Boeing, which fell more than 5%. The market's sell-off this week came beside massive losses in the oil market due to the evaporation of demand. Oil prices are tanking and spreading to more futures contracts, worrying investors about the deep economic damage being done by the coronavirus shutdowns.
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