Stock futures down about 1% after last week’s gains

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A look at equity futures shows broad declines after last week marked a second weekly gain, and coming alongside President Trump’s daily coronavirus briefing (ongoing).

S&P 500 and Nasdaq futures are down by more than 0.9%, while the Dow futures are down 1%.

They’re also following oil prices which are in decline, with West Texas Intermediate Crude off 4.8% to $17.40/barrel. Brent Crude is down 0.8% to $27.87; Brent futures have disconnected from WTI amid concerns that the Cushing storage hub will fill to capacity.

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