U.S. Stock Futures Fall Amid Concern Over Rising Infections By Bloomberg

© Reuters. U.S. Stock Futures Fall Amid Concern Over Rising Infections

(Bloomberg) — U.S. stock index futures fell as a rising virus cases in Beijing and some states in America weighed on investors.

September contracts on the S&P 500 fell 1.2% as of 11:27 a.m. in Tokyo, while futures on the and declined 1% and 1.4%, respectively. Beijing announced 21 new cases Thursday, presenting the biggest challenge yet in China’s efforts to prevent a second wave of infections. U.S. states including Texas, Florida and Arizona reported a jump in infections. The won weakened for a second day against the dollar as South Korea warned the North against further provocations.

“With Covid-19 filling the airwaves and geopolitical angst dotting the Korean landscape, the market is taking a decidedly defensive posture,” Stephen Innes, chief market strategist at AxiCorp Ltd., wrote in a note.

The underlying S&P 500 Index swung between gains and losses for most of Wednesday before turning red late, with the energy, real estate and financial sectors leading the declines.

©2020 Bloomberg L.P.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.