U.S. stock futures drop even as Fed slashes rates; Dow futures off 1,000 points

Market news

16 March 2020

U.S. stock futures drop even as Fed slashes rates; Dow futures off 1,000 points

Stock market futures hit "limit down" levels of 5% lower, a move made by the CME futures exchange to reduce panic in markets. No prices can trade below that threshold, only at higher prices than that down 5% limit.

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Australia stocks drop nearly 10% with Asia markets mostly lower; U.S. treasury yields fall after Fed cuts rates to zero

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