Monday, May 29, 2023
Monday, May 29, 2023

    Dow drops 600 points despite Federal Reserve interest rate cut

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    US stock futures dropped sharply on Sunday evening with the Dow Jones losing over 600 points despite the Federal Reserve’s decision to cut interest rates to the 0-0.25% range in an effort to calm markets and soften the coronavirus blow.

    Dow Jones futures slid 2.79%, the Nasdaq 100 futures plunged 3.06% and S&P 500 futures lost 3.19% shortly after the open.

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