(NEW YORK) — Premarket trading on U.S. financial markets Wednesday pointed to steep losses at the opening and another day of volatility as the novel coronavirus crisis continues to sow massive uncertainty on the global economy.
Futures on the Dow Jones Industrial Average pointed to an opening drop of more than 820 points or 3.94%. Futures on the S&P 500 similarly indicated a steep fall of approximately 3.7%.
Trading was temporarily halted for futures on the Dow after it tumbled past its “limit down” threshold.
It has already been a roller-coaster week for equity markets. On Monday, the Dow suffered its worst day since the “Black Monday” crash of 1987, dropping nearly 3,000 points or 12.94%. On Tuesday, however, the index rebounded more than 1,000 points, or over 5%, as Trump administration officials touted a major stimulus package.
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