Dow Jones Industrial average futures were off by more than 2,000 points, triggering the limit down level.
Dow Future off 1000 points
Stock market futures hit “limit down” , a move made by the CME futures exchange to reduce panic in markets.
Moreover, many investors said they would ultimately want to see coronavirus cases peaking and then falling in the U.S. before they feel comfortable to buy equities again.
The Fed basically cut interest rates down to zero lowest level since 2015. The U.S. central bank launched a massive $700 billion quantitative easing program.
The Dow’s roller coster ride since Feb 15
In the end, investor sentiment seems low after Fed’s quantitate easing , and emergency interest rate action taken by fed, and it’s hard to predict how markets will unfold in next few days, due sudden economic stops, and uncertainty investors seem dubious about market.No tags for this post.