The U.S. stock market dropped sharply again today, with Dow Jones Industrial Average futures down more than 1,200 points — about 6%.
The Dow has fallen more than 30% from its record high set on Feb. 12. The broader S&P 500 index fell nearly 5.5% Wednesday. European markets were also down about 5%.
Oil prices were down 11%, to less than $24 per barrel. The price of 0il has dropped 60% so far this year as the world economy has virtually ground to a halt in response to the coronavirus and as major producers Saudi Arabia and Russia have entered a price war.
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