Trump Oval Office Speech On COVID Pandemic Disappoints Investors

[niman]

Futures contracts tied to the major U.S. stock indexes fell on Wednesday night after an address from President Donald Trump failed to quell concerns over the possible economic slowdown from the coronavirus. 

https://www.cnbc.com/2020/03/11/futures-are-steady-wednesday-night-after-dow-closes-in-bear-market-traders-await-trump.html

[niman]

Dow futures drop 900 points as Trump speech disappoints investors

PUBLISHED WED, MAR 11 20206:06 PM EDTUPDATED 11 MIN AGO

Fred Imbert@FOIMBERT

Thomas Franck@TOMWFRANCK

Futures contracts tied to the major U.S. stock indexes fell on Wednesday night after an address from President Donald Trump failed to quell concerns over the possible economic slowdown from the coronavirus. 

The move comes after the Dow Jones Industrial Average ended its historic 11-year bull market run by closing in a bear market.

 

Dow futures were down 900 points, indicating a loss of about 860 points at Thursday’s open. S&P 500 and Nasdaq 100 futures were also sharply lower.

Dow futures drop 900 points as Trump speech disappoints investors

PUBLISHED WED, MAR 11 20206:06 PM EDTUPDATED 11 MIN AGO

 

Fred Imbert@FOIMBERT

 

Thomas Franck@TOMWFRANCK

 

 

 

 

 

Traders work before the closing bell at the New York Stock Exchange (NYSE) on February 28, 2020.

Johannes Eisele | AFP | Getty Images

Futures contracts tied to the major U.S. stock indexes fell on Wednesday night after an address from President Donald Trump failed to quell concerns over the possible economic slowdown from the coronavirus. 

The move comes after the Dow Jones Industrial Average ended its historic 11-year bull market run by closing in a bear market.

 

Dow futures were down 900 points, indicating a loss of about 860 points at Thursday’s open. S&P 500 and Nasdaq 100 futures were also sharply lower.

 

In his address, Trump announced travel from Europe will be suspended for 30 says as part of the government’s response to the coronavirus. Trump also said the administration would provide financial relief for workers who are ill, caring for other due to the virus or are quarantined. 

However, these announcements were not enough for investors who were looking for a more robust fiscal response to curb potentially slower economic growth.