Thursday, 28 May 2020
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Dow set to drop 500 points at the open following Wednesday's surge
Thursday, 5 March 2020 17:13 WIB | MARKET UPDATE | Indeks berjangka AS

U.S. stock futures were lower Thursday morning, following a massive rally in the previous session.

At around 4:42 a.m. ET, Dow Jones industrial average futures slipped 403 points, indicating a negative open of more than 500 points.

The pre-market moves came amid a roller-coaster week for stocks on Wall Street, which saw the 30-stock Dow swinging 1,000 points or higher two times within three days. Following a surge on Wednesday, the three major averages stateside moved out of correction territory, meaning they are now less than 10% down from their 52-week highs.

A series of factors have been driving investor sentiment, ranging from developments around the coronavirus outbreak that continued to spread globally to former Vice President Joe Biden™s major wins during Super Tuesday.

Source: CNBC

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