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U.S. Index Futures Fluctuate as Virus Infections Sap Risk Demand
(Bloomberg) -- U.S. stock index futures fluctuated in Asia as a record increase in California’s new cases and a jump in Florida infections added to signs of a possible resurgence of coronavirus in Sun Belt states.September contracts on the S&P 500 were little changed at 9:26 a.m. in Tokyo, after sliding as much as 1.1%. Futures on the Dow Jones Industrial Average fell 0.2% and those on the Nasdaq 100 Index dropped 0.1%. Coronavirus cases in the U.S. rose by 27,476 from the same time Saturday, to 2.27 million, according to data collected by Johns Hopkins University and Bloomberg News.“With the second wave fears filling the headlines and refusing to go away, despite the enormous amount of stimulus which may continue to float the market, investors are finding it hard to get away from the fact markets aren’t considering the longer-lasting impact of the outbreak be it on growth or employment,” Stephen Innes, the chief market strategist at AxiCorp Ltd., wrote in a note.U.S. stocks dropped the most in more than a week on Friday amid a renewal of uncertainty over how quickly states can emerge from lockdowns. The underlying S&P 500 fell 0.6% in volatile trading, led by declines in utilities, energy and industrial shares. On the week, the benchmark index closed up 1.9%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
https://finance.yahoo.com/news/u-index-futures-fall-increasing-224818939.html?.tsrc=rss
(Bloomberg) -- U.S. stock index futures fluctuated in Asia as a record increase in California’s new cases and a jump in Florida infections added to signs of a possible resurgence of coronavirus in Sun Belt states.September contracts on the S&P 500 were little changed at 9:26 a.m. in Tokyo, after sliding as much as 1.1%. Futures on the Dow Jones Industrial Average fell 0.2% and those on the Nasdaq 100 Index dropped 0.1%. Coronavirus cases in the U.S. rose by 27,476 from the same time Saturday, to 2.27 million, according to data collected by Johns Hopkins University and Bloomberg News.“With the second wave fears filling the headlines and refusing to go away, despite the enormous amount of stimulus which may continue to float the market, investors are finding it hard to get away from the fact markets aren’t considering the longer-lasting impact of the outbreak be it on growth or employment,” Stephen Innes, the chief market strategist at AxiCorp Ltd., wrote in a note.U.S. stocks dropped the most in more than a week on Friday amid a renewal of uncertainty over how quickly states can emerge from lockdowns. The underlying S&P 500 fell 0.6% in volatile trading, led by declines in utilities, energy and industrial shares. On the week, the benchmark index closed up 1.9%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
https://finance.yahoo.com/news/u-index-futures-fall-increasing-224818939.html?.tsrc=rss
