Dow futures skid 550 points amid mounting fear of new coronavirus wave
U.S. stock-index futures tumbled to start the week amid growing evidence of a resurgence of the deadly COVID-19 pandemic in parts of the world.
For the week, the Dow lost 5.55%, the S&P 500 fell 4.8%, and the Nasdaq was off 2.33%, marking its sharpest weekly fall since the period ended March 20, according to Dow Jones Market Data. Meanwhile, increases in infections in Florida and Texas have raised fears about the success of efforts to gradually reopen the U.S. economy, with phased restarts of business activity in all 50 states. Reuters reported on Sunday that Alaska, Arizona, Arkansas, California, Florida, North Carolina, Oklahoma and South Carolina all had record numbers of new cases in the past three days.Confirmed coronavirus cases in the U.S. are at around 2.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow futures drop 300 points as Wall Street set to extend last week's sharp lossesThe overnight action in futures market followed a big pullback last week.
Read more »
Dow futures sink 600 points as market pullback continues, airline and retail shares declineThe early morning trading action in futures market followed a big pullback last week.
Read more »
Stock market live updates: Pullback continues, Dow futures crater 2%, second wave?A conversation about market moving news.
Read more »
Stocks, oil fall as second wave fears cloud recovery prospectsAsian shares and Wall Street futures fell on Monday as growing fears of a second wave of coronavirus infections revived economic worries, while underwhelming data from China also weighed on investor sentiment.
Read more »
Fears of a second wave of coronavirus infections rise in China as Beijing battles new clusterThe capital was among the strictest and last to relax COVID-19 restrictions in China. Now it has returned to 'wartime mode' as dozens of local infections are found, all linked to a wholesale seafood, meat and produce market.
Read more »
New Coronavirus Cases In Beijing Stoke Fears Of A Second Wave In ChinaSeveral neighbourhoods in the capital city raised their epidemic risk alert to at least medium on Sunday, following a spike in new local cases this week.
Read more »