USA Today reports:
U.S. stock futures and bond yields tumbled Monday, extending a global rout after a sharp drop in crude prices intensified concerns about a global recession.
Dow futures tumbled 1,255 points while Standard & Poor’s 500 futures sank 4.9%. Futures contracts hit a 5% daily down limit on Sunday evening, triggering a halt in trading.
On Monday, the New York Federal Reserve said it will increase the amount of money it is offering to banks for their short-term funding needs, CNBC reported, a move to guard against market pressures.
Well that was quick – major US indices just hit the -7% “circuit breaker,” leading to a 15-min halt to trading.
— FOREX.com (@FOREXcom) March 9, 2020
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