S&P/ASX 200 futures down 3% after US markets decimated

S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are down around 3% heading into Friday as markets have one of their worst weeks since the GFC. The S&P 500 Index (INDEXSP:.INX) closed at 2,978.76, −137.63 or down 4.42% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 8,566.48, −414.29 or down 4.61%. Gold is trading slightly lower US$1,641 per ounce, still down from its highs earlier this week of around US$1,690 per ounce. Crude Oil WTI has been crushed another 5% lower to US$46.21 per barrel putting extra pressure on producers such as Woodside Petroleum Limited (ASX:WPL). The AUD is up 0.5% overnight off its 10-year lows versus the USD to 65.8 cents.   [VIDEO] Morning Report - Coronavirus concerns see US stocks dive once more https://t.co/aOZTTzd6Nc #ausbiz #coronavirusaustralia — CommSec (@CommSec) February 27, 2020