U.S. Stock Futures Dip After Three-Day Rally on Stimulus Hopes

(Bloomberg) — American stock futures declined, cooling off after the first three-day rally since February as investors speculated whether government and central-bank aid will offset the pandemic’s damage to the economy.Contracts on the S&P 500 were down 0.9% at 2,585.50 as of 10:36 a.m. in Tokyo. The underlying gauge surged almost 18% over Tuesday-Thursday in the biggest rally since 1933, while the Dow Jones Industrial Average climbed 20% above its recent low, meeting the technical definition of a bull market.The U.S. overtook China for the most coronavirus cases worldwide, fueled by a large jump in infections in New York. Still, …read more

Source:: Yahoo Finance