(Bloomberg) — U.S. stock futures fell in a signal the sell-off in American equities will continue after a torrent of weekend news fortified concerns the coronavirus would severely damage the global economy.Contracts on the S&P 500 dropped 1% to 2,920 as of 6:31 p.m. in New York, with losses mitigated by speculation the Federal Reserve will cut interest rates this month. The underlying index sank 11% in the prior five sessions in the biggest weekly rout since the financial crisis. Dow Jones Industrial Average futures slid 1.8% and Nasdaq 100 contracts lost 2.3%.Stocks are mired in a seven-day rout that’s …read more
Source:: Yahoo Finance
