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FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson
(Reuters) – U.S. stocks futures pared losses on Monday after the Federal Reserve launched unprecedented measures to support U.S. households and companies, seeking to blunt the economic damage from the coronavrius pandemic.
At 8:03 a.m. ET, Dow e-minis 1YMcv1 were down 233 points, or 1.22%. S&P 500 e-minis EScv1 were down 27.5 points, or 1.2% and Nasdaq 100 e-minis NQcv1 were down 53.5 points, or 0.77%.
Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur
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