US stock futures plummet before hitting trading curb as Fed stimulus efforts fail to soothe worries over coronavirus
US stock futures plummeted roughly 5% on Sunday evening, triggering a so-called limit down trading curb.The market's immediate reaction suggests investors aren't convinced the Fed's stimulus efforts will be enough to offset the negative economic impact of the coronavirus outbreak.The decline - which approached 5% for S&P 500 before the limit was triggered - came hours after theto near zero in an attempt to stimulate the coronavirus-stricken economy.
The market's negative reaction suggests trader aren't convinced the Fed's stimulus efforts will be enough to offset the negative economic impact of the coronavirus outbreak. Investors have been faced with an increasingly uncertain landscape as virus cases have spiked and much of the nation has gone into lockdown.
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