U.S. Stock Futures Falter Despite Central Banks’ Action

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U.S. Stock Futures Falter Despite Central Banks’ Action
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U.S. stock futures point to a decline on Wall Street to extend the week's losses, despite central banks' fresh measures to protect the economy

U.S. stock futures declined on Thursday even as the Federal Reserve and European Central Bank introduced fresh measures to protect the global economy from the impact of the coronavirus pandemic.

Futures tied to the S&P 500 index wavered between gains and losses before edging down almost 2%. A day earlier, markets were roiled by a synchronized selloff in stocks, bonds and commodities as investors scrambled to raise cash to buffet themselves against the widening economic damage caused by the virus.

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