US Markets | Futures Indicator: Dow futures slide more than 300 points as investors weigh coronavirus and oil outlook
Fred Imbert 4minutes - Source: CNBC A man wearing a face mask takes a selfie at the Charging Bull statue on March 23, 2020 near the New Stock Exchange in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures were lower on Monday morning after OPEC and other oil-producing countries reached a deal on a massive production cut, even as investors continued to digest the impact of the coronavirus . Dow Jones Industrial Average futures traded 339 points lower, pointing to a opening drop on Monday of around 331 points. S&P 500 and Nasdaq 100 futures also pointed to Monday opening declines for the two indexes. The group of countries known as OPEC+ agreed to cut production by 9.7 million barrels per day , making it the single-largest output reduction on record. President Donald Trump tweeted the accord will “will save hundreds of thousands of energy jobs in the United States,” adding it will be “great for all.”