U.S. stock futures sink, suggesting the worst isn’t over for Wall Street

U.S. stock market futures fell sharply shortly after electronic trading began late Sunday, suggesting further losses when trading begins Monday, following the worst week on Wall Street since 2008.

Stocks fell for a seventh straight day Friday. The Dow Jones Industrial Average DJIA, -1.39% shed 357.28 points, or 1.4%, to settle at 25,409.36, while the S&P 500 SPX, -0.82% dropped 24.54 points, or 0.8%, to end at 2,954.22. The Nasdaq Composite Index COMP, +0.01% gained less than a point to finish at 8,567.37.

All three indexes fell into correction territory, widely defined as a drop of at least 10%, but no more than 20%, from a recent peak, as fears of the spreading coronavirus outbreak rattled investors. The virus is starting to affect global trade and travel and lowering expectations about earnings and economic growth.

Tesla's gap is at 241. Way to go.

When all the gains made under Trump are gone, then what? What a loser.

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Wall Street Prepares for Another Unruly WeekThe Dow Jones Industrial Average has dropped for seven straight days. Its 14% decline since Feb. 12 puts it in danger of falling into a “bear market,” marking a 20% decline from a recent high Dow on Friday was lower than Jan 8 2018. That's over 2 years of net 0 gain. Your eyes are wrong. Stocks are actually up. Corona virus is a hoax. Mexico is paying for the wall and the hurricane did hit Alabama. I will buy the dip. Numbers are strong, and coronavirus dies in April. Also big trade deals incoming. China will be highly motivated as their economy is most hurt by this virus. Also I think construction will continue to boom with logistics moving home. KAG
Source: WSJ - 🏆 98. / 63 Read more »