Futures on the Dow Jones Industrial Average plunged more than 900 points. The S&P 500 futures also indicated a 4% drop at the open on Monday. The sharp declines in the futures market pointed to more turbulence ahead after a roller-coaster week that saw the S&P 500 swing up or down more than 2.5% for four days straight. – @ cnbc.com
Saudi Arabia on Saturday slashed official crude selling prices for April, Saudi Arabia tried to get Russian backing for crude oil cuts but failed, Just as the coronavirus continues to hammer global demand. The move came after top-level OPEC talks collapsed Friday, prompting some strategists to see oil prices to hit $20 this year.