U.S. equity futures slid and bonds rallied after the Federal Reserve slashed its benchmark interest rate to near zero, a sign that investors remain worried that the coronavirus will fuel a recession even with borrowing costs dropping. Dow Jones Industrial Average futures slid about 1,040 points, or 4.6%, while S&P 500 futures dropped 4.8%, after earlier hitting a limit designed to stall further drops. S&P futures have hit the 5% limit down several times recently. Changes in futures don’t necessarily reflect moves after...

Source: Wall Street Journal March 15, 2020 22:15 UTC