Fred Imbert, Eustance Huang
Around 8 a.m.
The slight drop in futures masks what was a volatile overnight session where Dow Jones Industrial Average futures traded in a range of more than 1,000 points, indicating this week may be as volatile as last week as well.
Shares of Carnival Corp.
Dow futures briefly fell more than 500 points in overnight trading before recovering. The Dow, S&P 500, and Nasdaq Composite all fell more than 10% last week, their biggest weekly declines since October 2008. They also entered correction territory, down more than 10% from all-time highs notched earlier in February.
Those declines came after a sharp increase in
As of Sunday, more than 89,000 cases have been confirmed around the world along with more than 3,000 virus-related deaths. Australia, Thailand and the U.S.
Horrible China economic data
A private survey on Chinese manufacturing activity released during Asian trading hours on Monday came in at its weakest level ever. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 40.3
The plunge “shows the extent to which an outbreak can hit an economy,” said Ed Hyman, a widely followed economist on Wall Street and Evercore ISI chairman, in a note to clients. “All this is quite uncertain, and we may be overreacting. But we also don’t want to
Gaming revenues in Macau also plunged nearly 88% last month.
Worries over the