Start of a recovery or is this likely to be a dead cat bounce?
Didn’t think that a Friday would be the day for a sustainable rally given the potential headline risk of weekend developments.
https://www.cnbc.com/2020/03/19/stock-market-futures-open-to-close-news.html
U.S. stock futures jumped on Friday, pointing to a second day of gains. Nasdaq futures hit ‘limit up’ levels on exchanges.
As of 6:44 a.m. ET, Dow Jones Industrial Average futures were up about 700 points, implying a gain of more than 600 points at the open on Friday. S&P 500 futures were up about 3%.
Nasdaq-100 futures jumped nearly 5% and were “limit up,” meaning no trades could take place above those levels. CME Group halts futures at certain bands in overnight trading in order to curb panic trading. Futures have hit these extreme levels multiple times during this volatile month, mostly to the downside.
$SPX500 $NSDQ100 $DJ30
