Dow futures fall nearly 300 points Sunday evening as U.S. states attempt coronavirus reopenings

[turbinetree]

Published: May 3, 2020 at 6:22 p.m. ET
By Mark DeCambre


U.S. stock-index futures fell sharply in thin trading Sunday evening as investors contended with state reopenings, with cooped-up citizens eager to to gather as spring has brought warmer weather conditions.

Futures for the Dow Jones Industrial Average YMM20, -1.38% DJIA, -2.55% were off 288 points, or 1.2%, at 23,331, those for the S&P 500 index ESM20, -1.35% SPX, -2.80% declined 31.45 points, or 1%, at 2,790.25, while Nasdaq-100 futures NQM20, -1.21% retreated 88.25 points, or 1%, at 8,629.75. More than two dozen U.S. have begun to allow select businesses to open or announce plans to do in May, but local and federal officials are also facing climbing cases of novel cases of coronavirus, albeit, at a slower pace. The COVID-19 pandemic has killed nearly 250,000 people world-wide and infected 3.5 million, with 1.154 million in the U.S. alone, according to data compiled by Johns Hopkins University.

Meanwhile, investors may pay close attention to the airline industry after Warren Buffett, during an annual shareholder meeting on Saturday, said that his Berkshire Hathaway BRK.A, -2.74% BRK.B, -2.50% had sold all of its stake in major airlines, Delta Air Lines Inc. DAL, -6.90%, Southwest Airlines LUV, -6.46%, United Airlines-parent United Airlines Holdings Inc. UAL, -10.00% and American Airlines AAL, -11.40%.

On Friday, the Dow fell 622.03 points, or 2.6%, to end at 23,723.69, while the S&P 500 gave up 81.72 points, or 2.8%, to settle at 2,830.71. The Nasdaq Composite Index retreated 284.60 points, or 3.2%, closing at 8,604.95

https://www.marketwatch.com/story/dow-futures-fall-nearly-300-points-sunday-evening-as-us-states-attempt-coronavirus-reopenings-2020-05-03?mod=MW_article_top_stories

[at140]

1. Did Donnie leak out news of more tariffs on China?

[Volaris]

3. No, it's just that wall street isnt stupid.

Despite their regular protestations to the contrary, the stock brokers know damn well that the dead, the dying, and the broke as fuck, dont invest much in the way of consumer products OR financial instruments. They know that to keep making money even in a bear market, they need regular peeps to be, at a minimum, Not Starving To Death.

They might complain later, but they know that right now, unemployment benefits and 'not back to work and get killed' are what were floating their numbers back up.

And that OP up there, is the proof.

[Shermann]

2. This is it!