Dow set to fall 700 points at the open aftermarket posts worst first quarter on record.
U.S. stock futures dropped early Wednesday morning and pointed to sizable declines at the open, following the end of the worst first quarter on record for the Dow and S&P 500 spurred by the coronavirus sell-off.
The Dow Jones dropped over 700 points in the premarket on Wednesday shortly after the total COVID-19 death toll in the United States surpassed 4,000. Vice President Mike Pence previously revealed the country has tested over 1.1 million people for COVID-19 so far, using tests President Donald Trump asserted are “highly accurate.”
President Donald Trump said Tuesday evening the U.S. should prepare for a “very, very painful two weeks” from the rampant coronavirus. White House officials are projecting between 100,000 and 240,000 virus deaths in the U.S.
“This is going to be a roughly two-week period,” Trump said at a White House press conference. “When you look at night the kind of death that has been caused by this invisible enemy, it’s incredible.”
Dow Jones SHORT (Sell)
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