U.S. Stock Index Futures Drop on Outbreak Count Revision

(Bloomberg) — U.S. stock index futures slid after the Chinese province at the center of the coronavirus epidemic reported a jump in new cases.S&P 500 Index futures contracts expiring in March fell as much as 0.5% as of 1:41 p.m. in Tokyo, after Hubei reported 14,840 new cases as it revised the method for counting infections. Contracts on the Dow Jones Industrial Average and the Nasdaq 100 were down more than 0.3% each.“Just when markets were getting comfortable with the idea that the COVID-19 infection increase was trending lower, the sudden jump in the number of new cases in Hubei …read more

Source:: Yahoo Finance

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