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Dow set to drop 600 points after Thursday’s massive tumble amid coronavirus fears

U.S. stock futures early Friday pointed to more losses after the major indexes suffered a tumble that sent them more than 10% below their record highs.

As of 1:37 a.m. ET Friday, Dow Jones Industrial Average futures were 429 points lower, indicating an implied opening loss of 620.64 points. S&P 500and Nasdaq 100 futures also pointed to a lower open on Friday.

Meanwhile, bond yields also continued to slip as the yield on the benchmark U.S. 10-year Treasury touched new record lows, according to Reuters. It was last at 1.2274%.

The Dow plummeted nearly 1,200 points on Thursday — its biggest one-day point drop ever — as worries over the coronavirus possibly spreading sent stocks spiraling lower. The 30-stock average closed in correction territory along with the S&P 500 and Nasdaq Composite.

The Dow had closed at a record high on Feb. 12. It only took the S&P 500 six days to fall from an all-time high into correction levels, marking the broad index’s fastest drop of that magnitude.

Read more below:

https://www.cnbc.com/2020/02/27/dow-futures-fall-100-points-after-another-massive-rout-amid-coronavirus-fears.html?__source=sharebar|email&par=sharebar

Images:

Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange.Drew Angerer | Getty Images

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