U.S. Stock Futures Drop as Trump Fails to Assuage Virus Concerns

(Bloomberg) — U.S. stock index futures slid after President Donald Trump’s speech failed to assuage investors’ concerns of the novel coronavirus derailing global growth.March contracts on the S&P 500 Index were down as much as 1.1% as of 11:29 a.m. in Tokyo, after the president held a press conference to update the country on the administration’s response to the growing crisis. U.S. health authorities said they’ve identified the first case of coronavirus that doesn’t have known ties to an existing outbreak.“President Trump’s press conference was certainly intended to be a confidence builder but I don’t believe it will have much …read more

Source:: Yahoo Finance

      

Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.