US STOCKS-Futures fall again after Wall Street's historic slump

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* Futures: Dow down 0.11%, S&P off 0.05%, Nasdaq up 0.76%

By Medha Singh
March 17 (Reuters) - U.S. stock index futures were lower on
Tuesday following Wall Street's steepest fall since 1987 in the
previous session, as rising business disruptions in an effort to
contain the coronavirus pandemic fanned worries over its
economic damage.
The benchmark S&P 500 .SPX erased all its gains from 2019
on Monday, after drastic fiscal and monetary measures failed to
restore investor confidence.
It was the S&P 500's third-largest daily percentage drop on
record, beaten only by the 1987 "Black Monday" rout and the
crash of October 1929.
The three indexes have plunged about 30% from their record
closing highs hit in mid-February and ended the U.S. stock
market's record 11-year bull run.
The U.S. Federal Reserve's second emergency interest rate
cut in less than two weeks that took borrowing costs to nearly
zero only aggravated fears of a looming recession.
President Donald Trump on Monday also warned of a likely
recession and urged Americans to avoid gatherings of more than
10 people and called for closing bars, restaurants and other
venues in states where local virus transmission exists.
"It's becoming clearer that the impact of the various
Western World shutdowns will mean that at its peak the COVID-19
impact on the global economy will likely be worse than the peak
of the global financial crisis," said Jim Reid, a strategist at
Deutsche Bank.
"It is also looking increasingly likely to linger well into
the summer."
At 5:57 a.m. ET, Dow e-minis 1YMcv1 were down 22 points,
or 0.11% and S&P 500 e-minis EScv1 were down 1.25 points, or
0.05%.
Nasdaq 100 e-minis NQcv1 were up 53.75 points, or 0.76%.