Futures point to 300-point drop for the Dow, reversing Thursday's gains

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Futures point to 300-point drop for the Dow, reversing Thursday's gains
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U.S. stock index futures pointed to losses at the open on Friday.

Traders work during the opening bell at the New York Stock Exchange on March 16, 2020 at Wall Street in New York City.U.S. stock futures pointed to losses at the open on Friday, which would erase the modest gains stocks managed to eke out during Thursday's trading session.

Stocks rose on Thursday, with the Dow rising 188.27 points, or nearly 1%, to 20,087.19. The S&P 500 was up 0.5% at 2,409.39 while the Nasdaq Composite outperformed with a 2.3% surge to 7,150.58. The energy sector led stocks higher, gaining 6.75%, as oil posted its largest one-day percent gain in history.

Thursday's relatively muted move was a break from the extreme volatility of late in the market, as investors try to make sense of the ongoing coronavirus-induced business slowdown.

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