U.S. stock futures dropped sharply Monday, suggesting that the major benchmark indexes may extend their retreat into a fourth consecutive week. Futures tied to the S&P 500 fell 1.5%, signaling that the gauge’s losses may accelerate after the opening bell. The index ended last week more than 7% off its Sept. 2 high. Contracts for the Nasdaq Composite retreated 1.2%. The tech-heavy index closed on Friday at its lowest level since Aug. 11.

Source: Wall Street Journal September 21, 2020 09:45 UTC