U.S. stock market futures sank Monday as the spread of coronavirus raised worries that global economic growth could take a hit.
Dow Jones Industrial Average futures fell 606 points, or 2%, to 28,380, suggesting a steep drop when U.S. trading starts Monday morning. S&P 500 futures fell nearly 2% and Nasdaq-100 futures dropped nearly 3%.
On Saturday, the International Monetary Fund warned the virus outbreak could reduce global economic growth by 0.1% this year, and drag China’s annual growth 0.4 percentage points lower than January estimates.
Source : Marketwatch