Stock futures plunge as coronavirus stimulus package stalls in Senate
U.S. equity futures fell Sunday evening as Congress continued to grapple over the details of a third COVID-19 stimulus package and as millions of Americans remain isolated at home in an attempt to combat the disease.
U.S. equity futures fell Sunday evening as Congress continued to grapple over the details of a third COVID-19 stimulus package and as millions of Americans remain isolated at home in an attempt to combat the disease.
At 3:10 a.m. ET Dow futures were trading down 612 points, or 3.3 percent, after having fallen by as many as 954 points. S&P 500 futures, which fell by the limit 5 percent, were off 3.3 percent. The losses come after the major averages last week suffered through their sharpest weekly drop since the 2008 financial crisis as more industries instituted massive layoffs and business slowed to a near standstill.
The Dow Jones Industrial Average last week tumbled 4,011 points, or 17.3 percent, while the S&P 500 and Nasdaq Composite lost 14.98 percent and 12.64 percent, respectively. Click here for more.
Other related developments:
- Trump outlines broad measures to combat coronavirus in hardest-hit states
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- Trump outlines broad measures to combat coronavirus in hardest-hit states
- Coronavirus: Everything you need to know
- Amid coronavirus job loss, these apps help people find temp work
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