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S&P/ASX 200 set for tough day after US markets sell-off Friday

S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are yet to open this morning but were down around 1.3% after the US markets closed down around 3-4% on Friday.

While the US passed its record economic stimulus package, the COVID-19 outbreak in the US continues to get worse with cases and deaths still increasing.

The S&P 500 Index (INDEX:. INX) closed at 2,541.47, −88.60 or down 3.37% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 7,502.38, −295.16 or down 3.79%.

Although US markets were down Friday, the week still finished up around 10% for the major US indices.

In company news this morning, Reject Shop Ltd (ASX:TRS) has revealed that chief financial officer (CFO) Darren Briggs will leave the company at the end of April 2020.

[REPORT] Morning Report: US sharemarkets fell for the first time in four days as investors booked profits at the end of the week https://t.co/t861AlXzVH Read More – Source