Stock futures sink as COVID-19 shutdowns cause historic U.S. contraction

MacDailyNews
Jul 30, 2020, 9:38 am600 pts
Wall Street’s main indexes were set to open lower on Thursday after data confirmed the U.S. economy in the second quarter suffered its steepest contraction since the Great Depression due to COVID-19 shutdowns. Second quarter U.S. GDP numbers revealed a record 33% contraction. The Labor Department said initial…

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