20.1 C
New York
Friday, May 20, 2022
HomeStock FuturesUS stock market futures March 16 2020

US stock market futures March 16 2020

US stock market futures drop after Fed cutting rates and starting the QE program

At 8:30 AM EST time, Monday, March 16, 2020, US stock market futures drop over 4.5% and point to a lower open today for the US stock market.

S&P Futures: 2,567.50,-128.50(-4.77%)
Dow Futures: 21,947.00,-1,041.00(-4.53%)
Nasdaq Futures: 7,556.00,-359.75(-4.54%)

Stock market data: Yahoo Finance

Yesterday the Fed made an earlier than expected interest rate cut of 100 basis points, with the main Fed funds rate now at 0.0%-0.25% for the lower and upper range and announced the launch of its QE program at $700 billion.

” The Fed also unleashed a further set of tools to address economic impacts arising from the COVID-19 pandemic,¬†announcing a quantitative easing program¬†that would include purchases of $700 billion in assets, comprising $500 billion worth of treasuries and $200 billion in agency-backed mortgage securities. “

Source: https://finance.yahoo.com/news/stock-market-news-live-updates-march-16-2020-220735000.html



Please enter your comment!
Please enter your name here

Most Popular