(Bloomberg) — Futures on American stock indexes tumbled, extending their 13% drop since mid-February, as plummeting oil prices added to the backdrop of dread surrounding the coronavirus outbreak.The drop erased the rally that lifted cash equities in the final hour of trading on Friday, as crude sank more than 20% in the deepest rout since the U.S.-led war in Iraq in 1991. While energy and commodity stocks only make up about 5% the S&P 500, plunging crude prices worsened sentiment as one of the starker signals of the outbreak’s economic toll.Volatility has been rampant in markets around the world amid …read more
Source:: Yahoo Finance
