Dow futures down 700, second quarter begins, Trump’s warning

A guy operates earlier the New York Inventory Exchange (NYSE).


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7:20 am: Inventory futures dive to start out the next quarter

U.S. inventory futures fell sharply on Wednesday, the initially day of the 2nd quarter, as buyers fretted about the most recent White House projections on the coronavirus outbreak. Dow Jones Industrial Typical futures were down extra than 700 factors, or 3.4%. S&P 500 and Nasdaq 100 futures slid 3.4% and 2.8%, respectively. Those people losses come just after the Dow and S&P 500 notched their worst 1st-quarter performance at any time in the earlier session. They also adhere to a warning from President Donald Trump, who said the U.S. need to get ready for a “really, extremely agonizing two months” as White Residence officers undertaking between 100,000 and 240,000 virus fatalities in the U.S.

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