Stock futures fall as oil plunges on demand drop
U.S. stock futures are trading lower as oil falls to 1999 levels.
U.S. stock futures are trading lower as oil falls to 1999 levels.
Investors await additional coronavirus updates as more cities consider opening businesses in various phases as part of a broader plan to begin rebooting the U.S. economy. The Dow Jones Industrial Average traded down 157 points as of 3:00 a.m. ET while the S&P 500 was off 0.5 percent and the Nasdaq Composite was down 0.4 percent.
Oil remained under pressure, falling Monday over 18 percent to $14.89, after dropping 19.7 percent for the week. WTI touched an 18-year low of $17.31 on Friday before rallying into the close. Meanwhile gold fell 2.7 percent for the week to $1,689 per ounce. Click here for more.
Other coronavirus developments:
- Sweden sees jump in coronavirus deaths with less restrictive guidelines
- Mich. girl, 5, daughter of first responders, dies from coronavirus: report
- Coronavirus: What you need to know
- Sweden sees jump in coronavirus deaths with less restrictive guidelines
- Mich. girl, 5, daughter of first responders, dies from coronavirus: report
- Coronavirus: What you need to know
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