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S&P/ASX 200 futures down as US markets continue to whipsaw

S&P 500 Index closed down 3.39% and the Nasdaq Composite closed down 3.85%.

Bendigo and Adelaide Bank - S&P/ASX 200 futures down as US markets continue to whipsaw
Yesterday’s gains have been removed on virus-induced volatility, gold soars

S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are pointing to a down day after the US market erased most of yesterday’s ~4% gains.

The coronavirus or COVID19 is still keeping volatility high as cases in the US continue to rise, now at just over 200.

The S&P 500 Index (INDEXSP:.INX) closed at 3,023.94, −106.18 or down 3.39% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 8,738.60, −279.49 or down 3.10%.

Local stocks trading ex-dividend today include Bendigo and Adelaide Bank Ltd (ASX:BEN), Northern Star Resources Ltd (ASX:NST) and Wisetech Global Ltd (ASX:WTC).

Gold strong, oil down, AUD flat

Gold is trading US$27 higher or +1.7% overnight at US$1,670 per ounce and Crude Oil WTI is down 1.6% overnight at S$46.02 per barrel.

The AUD remains just higher than its recent 10-year low of around 64.5 cents versus the USD and is trading at 66.062 cents.



Quick facts: Bendigo and Adelaide Bank

Price: 6.8 AUD

Market: ASX
Market Cap: $3.6 billion

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