Dow set for opening drop of more than 300 points following Wednesday surge
The moves came amid a roller coaster week for stocks on Wall Street, which saw the 30-stock Dow swinging 1,000 points or higher two times within three days.
U.S. stock futures on Wednesday night pointed to a drop for stocks on Wall Street at the Thursday open.futures were down 189 points, signalling an implied opening drop of 295.86 points at the open. S&P 500 and Nasdaq-100 futures also pointed to declines for the two indexes at the open on Thursday. You have to wonder why acting like this and you have to wonder especially why they're using their very, very sparse ammunition up — a 50 basis point cut — very early in a crisis.A series of factors have been driving investor sentiment, ranging from developments around the coronavirus outbreak that continued to spread globally to former Vice President, citing that coronavirus which "poses evolving risks to economic activity.
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