S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are yet to open this morning but were down around 1.3% after the US markets closed down around 3-4% on Friday.
While the US passed its record economic stimulus package, the COVID-19 outbreak in the US continues to get worse with cases and deaths still increasing.
The S&P 500 Index (INDEX:. INX) closed at 2,541.47, −88.60 or down 3.37% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 7,502.38, −295.16 or down 3.79%.
Although US markets were down Friday, the week still finished up around 10% for the major US indices.