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US STOCKS-S&P futures hit upper trading limit after another brutal session

Published 24/03/2020, 11:02
© Reuters.
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* Futures up: Dow 5.03%, S&P 5.09%, Nasdaq 5.37%

By Uday Sampath Kumar
March 24 (Reuters) - S&P 500 futures hit their daily upper
trading limit on Tuesday, rebounding from another brutal session
caused by investor panic over the rapidly spreading coronavirus.
Investors are pinning their hopes on a $2 trillion economic
rescue package, negotiations over which appeared to have made
progress late on Monday. The bill could be voted on as soon as
Tuesday. At 05:47 a.m. ET, S&P 500 e-minis EScv1 rose 5.09% to its
upper trading limit of 2,333.5 points. Dow e-minis 1YMcv1 were
up 930 points, or 5.03% and Nasdaq 100 e-minis NQcv1 were up
375 points, or 5.37%.
SPDR S&P 500 ETFs SPY.P were up 4.96%.
The S&P 500 index .SPX closed down 2.93% at 2,237.4​ on
Monday.

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