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Dow futures point to opening drop of 1,300 points, Treasury yields plunge amid oil price war
Monday, 9 March 2020 16:21 WIB | MARKET UPDATE |Indeks saham berjangka A.S.

Stock futures tumbled early Monday morning as investors braced for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety.

As of 5:10 a.m. ET Monday, futures on the Dow Jones Industrial Average indicated an opening drop of more than 1,300 points. The S&P 500 futures and Nasdaq-100 futures also indicated significant losses at Monday™s open. The sharp declines in the futures market signaled more turbulence ahead after a roller-coaster week that saw the S&P 500 swing up or down more than 2.5% for four days straight.

Amid the market turmoil, investors continued to seek safer assets amid additional fears that the coronavirus will disrupt global supply chains and tip the economy into a recession. The yield on the benchmark 10-year Treasury note dropped below 0.5%, last trading at 0.479%.

Source: CNBC

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