Finance

Dow futures drop 300 points as Wall Street set to extend last week’s sharp losses

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The New York Stock Exchange (NYSE) stands in lower Manhattan on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City.

Spencer Platt | Getty Images

Stock futures fell in overnight trading on Sunday, pointing to more losses ahead, as investors grapple with signs of a second wave of coronavirus cases amid the reopening economy.

Futures on the Dow Jones Industrial Average dropped about 350 points. The S&P 500 and Nasdaq 100 futures were also down 1.4% and 1.0%, respectively.

The overnight action in futures markets followed a big pullback last week triggered by rising fears of a resurgence in the virus as well as investors’…



Source cnbc.com

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