U.S. stock index futures dropped sharply late Sunday, suggesting continued choppy trading Monday following Thursday’s deep selloff and Friday’s partial rebound.
As of midnight Eastern, Dow Jones Industrial Average futures YM00, -1.50% were down more than 350 points, or 1.4%, while S&P 500 futures ES00, -1.35% and Nasdaq-100 futures NQ00, -0.81% fell as well. Dallas Fed President Robert Kaplan said Sunday that the U.S. economic recovery hinged on effective public health measures to contain the coronavirus pandemic. “The extent we do that well will determine how quickly we recover. We’ll grow faster if we do those things well,” Kaplan told CBS News’ “Face the Nation.” “And right now, it’s relatively uneven.” Last week, Wall Street posted its worst week since March, with all three major indexes on Thursday seeing their sharpest one-day drops since March 16. On Friday, The Dow Jones Industrial Average DJIA, +1.90% gained 477.37 points, or 1.9%, to close at 25,605.54, while the S&P 500 index SPX, +1.30% added 39.21 points, or 1.3%, at 3.041.31, and the Nasdaq Composite Index COMP, +1.02% climbed 96.08 points, or 1%, to 9,588.81.