1. Dow set to plunge at Monday’s open
Traders work on the floor of the New York Stock Exchange during the opening bell on March 10, 2020 in New York.
Timothy A. Clary | AFP | Getty Images
U.S. stock futures were “limit down” 5% on Monday morning despite the Federal Reserve’s announcement Sunday of a massive monetary stimulus campaign and an interest rate cut to zero.The Fed’s moves, ahead this week’s regularly scheduled policy meeting, were aimed at supporting the economy as the coronavirus crisis deepens in the U.S. and around the world. The exchange-traded funds that track the Dow Jones Industrial Average and S&P 500, which have no mechanisms to curb downside, were off more than 10%. When the regular session begins at 9:30 a.m. ET on Wall Street, the 7% down level on the S&P 500 would trigger the first of three “circuit breakers,” pausing trading for 15 minutes.
Friday’s snapback rally of over 9% from Thursday’s plunge, which was the worst session since the “Black Monday” market…