Market Snapshot: Stock-market futures remain limit down, signal brutal start to week after Fed slashes rates to nearly 0%

Market Snapshot: Stock-market futures remain limit down, signal brutal start to week after Fed slashes rates to nearly 0%

Stock-market futures remain limit down, signal brutal start to week after Fed slashes rates to nearly 0%. Stocks were on track for a brutally lower open Monday, with stock-index futures down their daily 5% limit after investors failed to take comfort in the Federal Reserve's decision to slash its benchmark interest rate to nearly 0% to combat the economic fallout from the coronavirus outbreak.. were trading 1,041 points, or 4.56%, at 21,798, while S&P 500 futures. fell 350.75 points to reach 7,541, a decline of 4.55%.. All three contracts were down by their daily trading limit of 5%, based on the volume-weighted average price in the final minute of regular trading the previous session.. Exchange-traded funds that are indicative of how futures might perform were trading with even heavier losses.. was off 9.6% lower and the Invesco QQQ Trust Series. Stocks would see a 15 minute pause.. A similar halt would occur if stocks fell by 13%.. U.S. dollar weakened against major rivals, as measured by the ICE U.S.. "The radical measures have sent out a very worrying message to dealers, and that is why they are blindly dumping stocks," wrote David Madden, market analyst at CMC Markets, in a