U.S. stock market futures fell sharply shortly after electronic trading began late Sunday, suggesting further losses when trading begins Monday, following...
U.S. stock market futures fell sharply shortly after electronic trading began late Sunday, suggesting further losses when trading begins Monday, following the worst week on Wall Street since 2008.
Stocks fell for a seventh straight day Friday. The Dow Jones Industrial Average DJIA, -1.39% shed 357.28 points, or 1.4%, to settle at 25,409.36, while the S&P 500 SPX, -0.82% dropped 24.54 points, or 0.8%, to end at 2,954.22. The Nasdaq Composite Index COMP, +0.01% gained less than a point to finish at 8,567.37.
All three indexes fell into correction territory, widely defined as a drop of at least 10%, but no more than 20%, from a recent peak, as fears of the spreading coronavirus outbreak rattled investors. The virus is starting to affect global trade and travel and lowering expectations about earnings and economic growth.
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