Dow plunges nearly 3,000 points amid growing coronavirus fears
The White House announces tougher guidelines for the country to hopefully slow coronavirus’ spread, sending markets into a tailspin.
U.S. equity futures are pointing to a higher open a day after markets suffered their steepest single-day loss since 1987.
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DOW DIVES NEARLY 3,000 POINTS
Dow futures were up 101 points, or 0.5 percent, ahead of the opening bell, but had been higher by as much as 800 points in overnight trading. S&P 500 and Nasdaq futures were higher by 1.1 percent and 0.9 percent respectively.
Treasury Secretary Steven Mnuchin is making the rounds on Capitol Hill discussing further stimulus measures that could be taken to boost the U.S. economy amid the coronavirus crisis.
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West Texas Intermediate crude oil futures for May delivery were up 2.1 percent at $29.62 a barrel while gold futures for April delivery traded lower by 1.4 percent at $1,466 an ounce.