U.S. stock futures fell following a solid weekly performance on Wall Street amid lingering concerns about the coronavirus outbreak.
U. S. stock futures fell on Sunday night following a solid weekly performance on Wall Street amid lingering concerns about the coronavirus outbreak.
Dow Jones Industrial Average futures were down 127 points, or 0.5%. S&P 500 and Nasdaq-100 futures slid 0.4% and 0.3%, respectively.
The major U. S. stock average are coming off their fourth weekly gains in five weeks. Both the Dow and S&P 500 advanced at least 1% last week while the Nasdaq Composite advanced over 3%.
News of the Federal Reserve buying corporate bonds along with a record spike in U. S. retail sales lifted sentiment on Wall Street last. Expectations of an economic recovery also pushed up stock prices.
However, the number of newly confirmed coronavirus cases continues to increase, raising questions about the recovery.
