US stock futures were lower Sunday night, continuing to give up gains from last week's historic rally that came to a halt Friday.
Dow futures were down 371 points, or about 1.7%. S&P 500 futures fell around 1.8% and Nasdaq futures were down around 1.5%. Stocks turned positive last week — and the Dow even left the bear market after climbing more than 20% from its recent low — as lawmakers and central bankers around the world made progress on measures to bolster economies weakened by coronavirus.
But the virus continues to spread, threatening, among other things, jobs, corporate earnings and travel. Initial US jobless claims soared to 3.28 million, the highest on record, in the week ended March 21. The United States now has more coronavirus cases than any other country in the world, with more than 136,000 cases confirmed as of Sunday.
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