Stock Futures Drop Despite Feds Efforts to Slash Rates

Investingport
In spite of the Feds Sunday rate cut, stock futures tend not to be affected so much as they dropped sharp on Monday. The stock market futures hit “limit down” levels of 5% lower as established by the CME Group daily to prevent market panic and other severe losses.As at Monday morning, the three major benchmark index futures all hit their “limit down” levels with the Dow Jones futures down 1,041 points, or 4.6%, S&P 500 futures down 128.5 points, or 4.8%, and Nasdaq futures down 359.7 points, or 4.5%. However, the SPY ETF (SPY) which tracks the S&P 500…
Source: Stock Futures Drop Despite Feds Efforts to Slash Rates

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