March 15, 2020

U.S. equity futures plunged limit down after the Federal Reserve took emergency action on Sunday evening.

Dow Jones Industrial futures were lower by 1,040 points, or 4.5 percent, while the S&P 500 and Nasdaq Composite were down 4.4 percent and 4.6 percent, respectively.

Sunday evening's losses come after the Fed slashed its benchmark interest rate by 100 basis points to a range between zero and 0.25 percent and said it will buy $700 billion worth of Treasury securities in a new quantitative easing program.

Read more: 

https://www.foxbusiness.com/markets/us-stock-futures-march-15-2020