U.S. stock futures drop sharply after Wall Street's worst week since March

U.S. stock index futures dropped sharply late Sunday, suggesting continued choppy trading following Thursday's deep selloff and Friday's partial rebound. As of 8 p.m. Eastern, Dow Jones Industrial Average futuresYM00,-1.17%were down around 345 points, or 1.4%, while S&P 500 futuresES00,-1.14%and Nasdaq-100 futuresNQ00,-0.73%fell about the same percentage. Dallas Fed President Robert Kaplan said Sundaythat the U.S. economic recovery hinged on effective public health measures to contain the coronavirus pandemic. "The extent we do that well will determine how quickly we recover. We'll grow faster if we do those things well," Kaplan told CBS News' "Face the Nation." "And right now, it's relatively uneven." Last week,Wall Street posted its worst week since March, with all three major indexes on Thursday seeing their sharpest one-day drops since March 16. On Friday, The Dow Jones Industrial AverageDJIA,+1.90%gained 477.37 points, or 1.9%, to close at 25,605.54, while the S&P 500 indexSPX,+1.30%added 39.21 points, or 1.3%, at 3.041.31, and the Nasdaq Composite IndexCOMP,+1.02%climbed 96.08 points, or 1%, to 9,588.81.

Source: https://tinyurl.com/yccumsox

This update was originally published on marketwatch.com

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