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U.S. stock-index futures lower after ECB rolls out stimulus and Fed backstops money markets

March 19, 2020

U.S. stock-index futures traded lower Thursday in seesaw price action after the European Central Bank in a late-night move rolled out an expanded asset-purchase program and the Federal Reserve announced a facility to backstop money-market mutual funds.

What are major indexes doing?

Futures on the Dow Jones Industrial Average YM00, -2.45% were 288 points lower, down 1.4%, at 19,565, while S&P 500 futures ES00, -2.38% fell 1.4% to 2,367.75. Nasdaq-100 futures NQ00, -1.58% were off 0.4% at 7,187.50.

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