- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

US Stock Futures Fall in Overnight Trading, Implying More Losses on Monday Morning

© REUTERS / Carlo AllegriThe Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020.
The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. - Sputnik International
Subscribe
Investors have been concerned recently about reports of a second wave of coronavirus and a prolonged period of up to two years for the world's largest economy to recover from the pandemic.

The US stock futures dropped on Sunday night, pointing to more losses in the morning.

Futures contracts tied to the Dow Jones Industrial Average lost about 430 points in overnight trading. The S&P 500 and Nasdaq 100 futures also dipped 1.9 and 1.6 percent, respectively.

Meanwhile, the major US stock indexes have experienced their worst week since mid-March, the peak of coronavirus outbreak in the world. The Dow fell 5.5 percent, while the S&P 500 and the Nasdaq dropped 4.7 and 2.3 percent, respectively.

The current week's slide came largely from Thursday's selloff, as total US COVID-19 cases topped 2 million, with a jump in infections reported in at least five states — New Mexico, Oregon, Florida, Texas, and Arizona — after five weeks of declines across the country.

At the same time, Treasury Secretary Steven Mnuchin told CNBC News on Thursday that shutting down the economy for the second time to curb the spread of the virus would only "create more damage".

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала