Stock Market Set to Drop Dramatically at Open

“The Federal Reserve’s drastic easing measures Sunday are doing little to stem the market bleeding, judging by some of the world’s largest exchange-traded funds,” Bloomberg reports.

“The SPDR S&P 500 ETF Trust, a $248 billion product that tracks the American equity benchmark, slumped 9.1% as of 5:08 a.m. New York time in pre-market trading.”