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S&P/ASX 200 futures deep red as Dow Jones drops 1000 points

S&P 500 Index closed down 3.35% and the Nasdaq Composite closed down 3.71%.

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Reporting season will take a backseat today as the coronavirus creates panic selling

S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are down 2.5% as selling is set to continue on today from yesterday’s -2.25% performance.

The S&P 500 Index (INDEXSP:.INX) closed at 3,225.89, −111.86 or down 3.35% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 9,221.28, −355.31 or down 3.71%.

Dual-listed BHP Group (ASX:BHP) was down 5.5% and Rio Tinto (ASX:RIO) down 5.6% in London overnight.

Gold was is trading at US$1,657 per ounce, giving up some of its Monday morning gains, while Crude Oil WTI was down 3.9% to US$51.30 per barrel.

The AUD is at 10-year lows, down 0.4% overnight versus the USD to 66.0 cents.

 

 

Quick facts: Rio Tinto plc

Price: 4531 GBX

LSE:RIO
Market: LSE
Market Cap: £56.51 billion
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