Stock-index futures opened with heavy losses Sunday night, tumbling despite the Federal Reserve's decision to slash its main interest rate nearly to zero and buy $700 billion Treasurys and mortgage-backed securities. Futures on the Dow Jones Industrial Average fell 854 points, or 3.7%, while S&P 500 futures were down 4.2%. Federal Reserve Chairman Jerome Powell is scheduled to hold a news conference at 6:30 p.m. Eastern.
Submitted March 15, 2020 at 06:22PM by Nearox https://ift.tt/38YwDpv
