March 23, 2020 / 12:10 PM / 12 days ago

US STOCKS SNAPSHOT-Futures pare losses after Fed launches direct cash injections

March 23 (Reuters) - U.S. stocks futures pared losses on Monday after the Federal Reserve launched unprecedented measures to support U.S. households and companies, seeking to blunt the economic damage from the coronavrius pandemic.

At 8:03 a.m. ET, Dow e-minis were down 233 points, or 1.22%. S&P 500 e-minis were down 27.5 points, or 1.2% and Nasdaq 100 e-minis were down 53.5 points, or 0.77%. (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur)

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