Futures decline again as coronavirus spread stirs contraction fears

23.03.2020 - Kulakov Vladimir
Futures decline again as coronavirus spread stirs contraction fears

The U.S. stock index futures fell on Monday as fears of economic damage grew in the markets due to various national lockdowns in an attempt to contain the pandemic. 

Goldman Sachs predicted a 24% decline in US real GDP in the second quarter.

In early morning trade, the Dow e-minis dropped 3.64%, or 694 points; the S&P 500 e-minis fell 3.39%, or 77.5 points; the Nasdaq 100 e-minis plunged 2.79%, or 194.25 points.

SPDR S&P 500 ETFs also declined by 3.17%.

The S%P 500 index last traded at 2,304.92, after falling 4.34% on Friday.

Various states in the US have imposed restrictions and controlled non-essential movement by citizens in an attempt to contain the virus. Meanwhile, lawmakers discussed the economic aid package in Washington. 

Total confirmed cases in the United States topped 33,000, with 3,600 new cases from the previous week and with a death toll of 390.

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