U.S. stock futures pointed lower Friday following a sharp rally

Posted on March 27, 2020

The Dow rallied more than 1,300 earlier on Thursday, or 6.4%, to cap off its biggest three-day gain since 1931. The 30-stock average is now up more than 20% over the past three sessions, a gain that meets the technical definition of a bull market. The S&P 500 also rallied more than 6% and is now up over 20% since Monday’s close as well.

Dow Jones Industrial Average futures implied an opening drop of about 800 points amid volatile trading. S&P 500 and Nasdaq 100 futures also pointed to declines at the open. Dow futures briefly traded more than 100 points higher shortly after the 6 p.m. futures open.