U.S. stock market futures rallied from steep initial losses late Sunday on hopes that the world's central banks may soon take action.
U.S. stock market futures rallied from steep initial losses late Sunday, suggesting a pause to the selloff when trading begins Monday, following the worst week on Wall Street since 2008.
Fed Chairman Jerome Powell said Friday that the central bank is “closely monitoring” the outbreak. “We will use our tools and act as appropriate to support the economy,” he said. Read: Wall Street is wondering if the Fed can heal a coronavirus-stricken stock market that just saw $4.3 trillion in value vanish over the past 7 sessions
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