U.S. stock futures sink by 5% down limit after crude rout [Reuters]
Ameriprise Financial, Inc. (AMP)
Last ameriprise financial, inc. earnings: 1/29 04:10 pm
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Source: Reuters
U.S. stock futures sink by 5% down limit after crude rout (Reuters) - U.S. stock futures plunged 5% to hit their daily down limit and halt trading after the biggest single-day loss in oil futures in almost 30 years on Sunday exacerbated fears of a credit crunch across financial markets. Saudi Arabia’s plans to hike crude production and slash its official selling price came after Russia on Friday balked at steep production cuts proposed by the Organization of the Petroleum Exporting Countries to stabilize prices hit by economic fallout from the coronavirus. The decline in S&P 500 futures contracts was compounded by fears the impact from the fast-spreading coronavirus will intensify, leading to a U.S. recession and sharp tightening in credit markets. The depth of the recent sell-off in both equities and high-yield bonds reflected uncertainty about the virus’ impact, but also indicated confidence that markets would eventually stabilize and resume their upward trend, said David Joy, chief
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AMP
Earnings
- 10/23/24 - Miss
AMP
Sec Filings
- 11/26/24 - Form 8-K
- 11/15/24 - Form 4
- 11/14/24 - Form 13F-HR
- AMP's page on the SEC website