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U.S. stock futures fell sharply on Sunday evening, with the Dow Jones Industrial Average hitting its 5% "limit down" just four minutes after opening.

The big picture: It's rarely possible to pinpoint the reason for giant stock swings, but it cannot help that President Trump did not announce any agreement or new information on an economic stimulus plan.

Stock futures tank at beginning of Trump press conference

Stocks hit "limit down" after just four minutes.

Business

Wall Street

U.S. stock futures fell sharply on Sunday evening, with the Dow Jones Industrial Average hitting its 5% &quot;limit down&quot; just four minutes after opening.The big picture: It&#x27;s rarely possible to pinpoint the reason for giant stock swings, but it cannot help that President Trump did not announce any agreement or new information on an economic stimulus plan.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Stock futures tank at beginning of Trump press conference

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