U.S. Index Futures Extend Losses as Rising Virus Cases Sour Mood

(Bloomberg) — U.S. equity-index futures extended declines, signaling losses at the open on Wall Street, as global stocks were hit by concern about new restrictions spurred by rising coronavirus cases.Futures contracts on the S&P 500 Index dropped 1.4% as of 10:20 a.m. in London, pointing to a fourth straight daily decline, the longest stretch of losses for the gauge since the end of February. Contracts on the Dow Jones Industrial Average and Nasdaq 100 fell 1.6% and 1.2%, respectively.U.S. deaths related to Covid-19 are nearing 200,000 and the nation’s new cases rose in line with a one-week average. At least …read more

Source:: Yahoo Finance

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