The Fed's stimulus efforts are doing little to prop up stocks in pre-market trading
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| | | 3/16/2020 | |
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| Stock Futures Touch 'Limit Down' as Shutdown Spreads | | By Lillian Currens | | Dow Jones Industrial Average (DJI) futures are on their way back down this morning following last weekend's wave of regional shutdowns sparked by the rapidly spreading coronavirus. Notably, Apple (AAPL) announced the closure of its retail stores until March 27. The news caused the blue chip index, S&P 500 Index (SPX) futures and futures on the Nasdaq-100 Index (NDX) to hit another "limit down" before the bell. Meanwhile, the Federal Reserve announced its decision to cut interest rates to nearly zero and launch of a $700 billion quantitative easing program, though this is doing little to prop up stocks before the bell. Continue reading for more on today's market, including: - Breaking down a massive bank ETF options trade
- The cereal stock options bulls were eyeing on Friday.
- Plus, the cruise sector takes a big hit; Disney releases "Frozen 2" early; and Clorox gets a bull note.
| | >> Continue reading... | |
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