U.S. stock futures rose on Thursday night after growing worries of a resurgence in coronavirus cases sent equity prices plunging.
U. S. stock futures were higher on Thursday night after growing worries of a resurgence in coronavirus cases sent equity prices plunging.
Dow Jones Industrial Average futures traded 105 points higher, or 0.4%. S&P 500 futures gained 0.4% while Nasdaq-100 futures advanced 0.3%.
The Dow, S&P 500 and Nasdaq all recorded their biggest one-day losses since mid-March, posting losses of at least 5.3%. Thursday’s declines put the major averages on pace for their biggest weekly losses since March 20, when they all dropped at least 12%.
Those losses came after data compiled by Johns Hopkins University showed the number of new coronavirus cases has risen in states like Arizona, South Carolina and Texas as they continue their reopening process. Still, Treasury Secretary Steven Mnuchin told CNBC’s Jim Cramer the U.
