Stock futures drop — hit ‘limit down’ — even as Fed slashes rates; S&P 500 ETF down 9%

Traders work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) in New York City.

Drew Angerer | Getty Images

Stock futures plunged Sunday night even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. While the central bank’s actions may help ease the functioning of markets,…

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