U.S. Futures Gain After Worst Stock Drop Since ‘08: Markets Wrap

(Bloomberg) — U.S. stock futures saw a modest gain in early Asian trading Tuesday after the biggest rout in equities on Wall Street since 2008.Contracts on the S&P 500 Index, which briefly traded down 20% from their high — signaling a bear market — gained after the Trump administration previewed economic measures to be unveiled Tuesday to address the blow from the coronavirus. Treasury Secretary Steven Mnuchin rejected comparisons with the financial crisis. Australia’s benchmark fell as much as 3.8% before erasing most of the losses. Japan stocks are set to open weaker, while bonds and currencies stabilized after wild …read more

Source:: Yahoo Finance

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