U.S. Stock Futures Jump After Dow’s Worst Day Since 1987

U.S. stock futures jump, hitting the daily 5% cap, a day after Wall Street's historic rout

U.S. stock futures and European indexes recovered some ground Friday on the heels of Wall Street’s worst day in more than three decades.

Futures tied to the Dow Jones Industrial Average reached their 5% upper limit Friday, suggesting that blue-chip stocks may open higher in New York. U.S. stocks plunged Thursday, with the Dow falling 10% as the rapidly spreading coronavirus drove fears of a global slowdown despite action from the Federal Reserve.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. Stock Futures Decline as Volatility IncreasesU.S. stock futures fell as volatility across global markets continued, reflecting investors’ anxiety about the economic fallout from the coronavirus
Read more »

Stock futures plunge after Trump announces suspension of U.S.-Europe travelU.S. stock futures tumbled Thursday, on the heels of President Donald Trump’s address to the nation, and following another steep selloff on Wall Street that...
Read more »

Stock futures point to more losses Friday following market's worst day since 'Black Monday'The overnight action followed the official end of the record-long bull market run.
Read more »

Stock futures hit a 'limit down' trading halt for a second time this week. Here's what that meansWith stocks looking set to open sharply lower, investors will be watching for more market circuit breakers that can halt trading.
Read more »

Stock market live updates: Futures 'limit up', S&P 500 ETF up 5%, rebound from worst day since '87“We have to get used to the fact that we are going into a global recession,” Allianz’s El-Erian says. “Hopefully it will be short-lived, but I can’t see how we’re going to avoid a global recession.”
Read more »

Coronavirus stock market strategy, why it's time to buy: Jeremy Siegel - Business Insider'One of the buying opportunities of a lifetime': Here's why Wharton professor Jeremy Siegel thinks the coronavirus-driven stock rout is laying the foundation for a massive bounce back
Read more »