RATE Group | Futures point to 5% drop, oil tanks 20%
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Futures point to 5% drop, oil tanks 20%

09 Mar Futures point to 5% drop, oil tanks 20%

Posted at 12:45h in Cryptocurrency News by

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Traders work on the floor of the New York Stock Exchange (NYSE) on March 03, 2020 in New York City.

Spencer Platt | Getty Images

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8:42 am: Here’s where we stand with under an hour before the open

Futures on the three main U.S. indexes remain halted at their limit down levels, falling about 4.8%, but premarket trading of several ETFs indicate that stocks could drop further once trading begins. The SPDR S&P 500 ETF is down 7.2%, with the SPRD Dow ETF is 6.9%. Oil has rebounded slightly off its lows, with the WTI April futures contract trading at $32.17 a barrel, a 22% decline. — Pound

8:31 am: Boot Barn down double digits

Western and workwear retailer Boot Barn is down more than 11% in premarket after a downgrade from JPMorgan and amid rising concern about the oil industry. Roughly a third of the company’s stores are in major oil and gas producing regions, with 25% in Texas alone. JPMorgan downgraded the stock to neutral from overweight,…

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