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‘We’re heading for recession’: US futures plunge and oil plummets to 17-year low as coronavirus fears outweigh stimulus hopes NASDAQ

‘We’re heading for recession’: US futures plunge and oil plummets to 17-year low as coronavirus fears outweigh stimulus hopes

Reuters / Brendan McDermid US stock futures fell by the maximum allowed and oil slumped to a 17-year low on Wednesday as government measures failed to dispel coronavirus fears. The sell-off comes after Treasury Secretary Steven Mnuchin warned US unemployment could surge to 20% if the Federal Reserve and Congress…
bubmag
March 18, 2020