(Bloomberg) — U.S. stock futures erased losses after President Donald Trump promised “very substantial relief” for the economy as the coronavirus spreads.Contracts on the S&P 500 gained 1.5% as of 8:17 a.m. in Tokyo, erasing earlier losses as Trump said he’s considering payroll-tax cuts. The White House virus task force is holding a press conference in Washington.Futures had dropped as much as 1.9%, bringing the plunge since a February record past almost 20%. Dow Jones Industrial Average contracts also briefly fell more than 20% from the all-time high.“We certainly expect an economic slowdown but so much of where the global …read more
Source:: Yahoo Finance
