Tuesday, 26 May 2020
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Futures Return to Negative Territory as Investors Brace For Another Volatile Week
Monday, 30 March 2020 16:37 WIB | MARKET UPDATE |S&P 500 Futures Indeks berjangka AS

U.S. stock futures shed gains to fall back into negative territory early Monday morning in volatile trading after last week™s sharp gains, even as the number of coronavirus cases in the U.S. continues to rise at an alarming rate.

At around 3:19 a.m. ET, Dow Jones Industrial Average futures were down 89 points, pointing to an implied fall of about 161.78 points at the Monday open. S&P 500 futures and Nasdaq 100 futures also pointed to a lower open for the two indexes on Monday. The moves came as crude prices fell sharply. Earlier, futures made a recovery to point to Monday opening gains.

The Dow last week posted its biggest weekly gain since 1938, surging more than 12%. The S&P 500 and Nasdaq are coming off their best week since 2009, after rising 10.3% and 9.1%, respectively. To be sure, it was a volatile ride for investors. The S&P 500 posted daily swings of at least 2.9% in four of the five sessions. That includes a 3.4% drop on Friday for the S&P 500.

Source : CNBC

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