Traders work in the course of the opening bell at the New York Stock Trade on February 27, 2020.

Johannes Eisele | AFP | Getty Photographs

7:35 am: A further document reduced on the 10-calendar year Treasury generate

The 10-year Treasury produce dropped to a fresh new record very low beneath 1.04% as the historic drop in U.S. fees ongoing amid the coronavirus outbreak and Wall Road phone calls for Federal Reserve stimulus. The benchmark 10-12 months price, which moves inversely with selling prices, tumbled about 37 foundation points in February alone. The fed cash futures marketplace has already priced in a 50 basis point reduce at the Fed’s meeting this month, according to CME Fed Observe instrument.— Li

7:30 pm: Chart analyst claims Friday’s very low is the new line in the sand

On Friday, stocks quickly pared losses in the past 15 minutes of buying and selling, which serves as the initial evidence of “draw back exhaustion,” in accordance to Abundant Ross, Evercore ISI’s specialized analyst. Consequently, traders ought to use the S&P 500′s intraday lower on Friday — 2,853 — as the “new line in the sand,” Ross stated. Down below that stage, there are only two ranges of assistance of note at 2,722 (-7%) and 2,632 (-10%), he included.— Li

7:26 am: Bad China financial knowledge spooked investors

China’s official Getting Managers’ Index (PMI), a gauge for its manufacturing sector, plunged to a file lower of just 35.7 in February from 50. in January, the National Bureau of Statistics reported on Saturday. Any looking through beneath 50 indicators a contraction. The somber studying gives the initially formal snapshot of the point out of the Chinese financial state given that the outbreak of the coronavirus epidemic which has killed almost 3,000 persons in mainland China and infected about 80,000.— Li

7:20 am: Dow futures down just about 200 factors following wild right away session

The market’s worst rout because the fiscal disaster is set to resume as stock futures dropped all over again right before the opening bell.  Dow futures were reduced by about 168 details, indicated a loss of about 207 factors at Monday’s open up. The futures market expert a unstable right away session in which Dow futures traded in a array of extra than 1,000 factors. S&P 500 and Nasdaq futures also pointed to a lot more losses at the open. — Li

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