Anonymous ID: 5f7af0 March 22, 2020, 4:09 p.m. No.8523200   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

Fifth Week of Market Mayhem Starts With Limit-Down U.S. Futures

 

Grim speculation about the fate of the global economy sent U.S. equity futures to exchange-mandated halts for the ninth time in 10 days. The benchmark for American equities is now down more than 32% in a month with the circuit breakers leaving traders unsure of the true extent of declines.

 

Warnings about damage to the economy from the coronavirus grew more dire as cities from New York to Los Angeles all but shut down and cases rose rapidly. Federal Reserve Bank of St. Louis President James Bullard said U.S. unemployment may hit 30% in the second quarter, with GDP falling by 50%. That exceeds the warning from Goldman Sachs Group last week of a 24% contraction. Morgan Stanley said Sunday the contraction could be 30%. Should futures stay pinned at the volatility band overnight, it raises the prospect the whole U.S. market will be shut off for 15 minutes after the open. Those restrictions kick in if the S&P 500 falls 7% after the 9:30 a.m. open in New York.

https://www.bloomberg.com//news/articles/2020-03-22/u-s-futures-tumble-with-virus-crippling-american-economy

https://www.bloomberg.com/markets/stocks/futures

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart

https://www.investing.com/indices/usdollar