Traders work on the floor of the New York Stock Exchange shortly as coronavirus disease cases in the city of New York rise. "Sheer economic shock is about to overwhelm markets ahead; and we will require even greater policy responses.". West Texas Intermediate dropped below $20 a barrel in Asian trading while Brent crude slumped to about $23.. American, Delta, United, Southwest, and others signed a letter stating it was "essential" they receive the help soon, Reuters reported.
. In Europe, Germany's DAX fell 0.5%, Britain's FTSE 100 fell 0.9%, and the Euro Stoxx 50 fell 1%. In Asia, China's Shanghai Composite fell 0.9%, Japan's Nikkei fell 1.6%, and Hong Kong's Hang Seng fell 1.3%. In the US, futures underlying the Dow Jones Industrial Average, the S&P 500, and the Nasdaq drifted between flat and 0.4%.. Pending home sales will be closely watched.
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