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mick

03/22/20 8:48 PM

#214567 RE: mick #214566

Secretary Mnuchin on scope of coronavirus relief package and economic impact of efforts to slow the pandemic
Tens of millions of Americans directed to stay home as coronavirus crisis escalates; Treasury Secretary Steve Mnuchin joins John Roberts on 'Fox News Sunday.'

U.S. equity futures climbed off limit down Sunday evening as Congress continues to grapple over the details of a third COVID-19 stimulus package and as millions of Americans remain isolated at home in an attempt to combat the disease.

At 8:11 p.m. ET Dow futures were trading down 769 points, or 4.04 percent, after having fallen by as many as 954 points. S&P 500 futures, which fell by the limit 5 percent, were off 3.8 percent.

The losses come after the major averages last week suffered through their sharpest weekly drop since the 2008 financial crisis as more industries instituted massive layoffs and business slowed to a near standstill.

The Dow Jones Industrial Average last week tumbled 4,011 points, or 17.3 percent, while the S&P 500 and Nasdaq Composite lost 14.98 percent and 12.64 percent, respectively.
https://www.foxbusiness.com/markets/us-stock-futures-march-22-2020