Live Market Watch: Dow sinks despite Fed action | 3/23/2020

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U.S. equity futures turned higher Monday morning after the Federal Reserve announced a major expansion of its lending facilities. The Federal Reserve said Monday it would buy assets “in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy." Dow Jones Industrial Average futures were trading up 400 points, or about 2 percent, after having risen by as much as 700 points. Futures fell by as many as 954 points on Sunday evening. S&P 500 futures, which fell by the limit 5 percent, were up 2 percent.