U.S. stock futures pointed to sharp declines on Wall Street at the open on Monday

Posted on February 24, 2020

As the number of coronavirus cases outside China surged, stoking fears of a prolonged global economic slowdown from the virus spreading.

As of 7:47 a.m. ET, Dow Jones Industrial Average futures were down 774 points, indicating a drop of 767 points at the open. Dow futures were down more than 800 points earlier in the session. S&P 500 and Nasdaq 100 futures were down by 2.5% and 2.8%, respectively.

Futures pointed to the biggest one-day points drop for the Dow since August, when the 30-stock average slid 800 points.