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US futures slide again as virus lockdown raises contraction fears

From reuters.com

U.S. stock index futures tumbled on Monday on rising estimates of the economic damage from the coronavirus pandemic, with Goldman Sachs estimating a 24% plunge in U.S. real GDP in the second quarter. Such a drop would be two-and-a-half times as large as the previous post-war record and would contribute to a 1% contraction in global GDP in 2020, Goldman Sachs said. Fears about the extent of the coronavirus-related hit to Corporate America have erased more than $9 trillion from the S&P 500 .SPX since its record high last month, with U.S. stock indexes ending Friday with their worst week since the global financial ... (full story)

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  • Category: Fundamental Analysis