S&P futures hit upper trading limit after another brutal session

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S&P futures hit upper trading limit after another brutal session
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S&P 500 futures hit their daily upper trading limit on Tuesday, rebounding from ...

Traders work on the floor of the New York Stock Exchange in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson

- S&P 500 futures hit their daily upper trading limit on Tuesday, rebounding from another brutal session caused by investor panic over the rapidly spreading coronavirus. Investors are pinning their hopes on a $2 trillion economic rescue package, negotiations over which appeared to have made progress late on Monday. The bill could be voted on as soon as Tuesday.

At 05:47 a.m. ET, S&P 500 e-minis EScv1 rose 5.09% to its upper trading limit of 2,333.5 points. Dow e-minis 1YMcv1 were up 930 points, or 5.03% and Nasdaq 100 e-minis NQcv1 were up 375 points, or 5.37%.

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