Dow futures plunge 600 points on coronavirus spread
U.S. equity futures are pointing to a large decline in stocks on Monday morning on concerns about the spread of coronavirus outside China, with Italy, South Korea and Iran seeing a big jump in infections.
U.S. equity futures are pointing to a large decline in stocks on Monday morning on concerns about the spread of coronavirus outside China, with Italy, South Korea and Iran seeing a big jump in infections.
The coronavirus cases spike in several countries has sparked fears of a global pandemic.The major futures indexes are indicating a decline of 2 percent when trading begins on Wall Street. Economically sensitive oil is tumbling for a second day. U.S. crude is trading at $51.70, down 3 percent. Brent crude is trading at $56.57, down 3.3 percent.
In Asian markets, Hong Kong's Hang Seng is down 1.8 percent and China's Shanghai Composite is off 0.3 percent. Japan's markets are closed for a holiday.
The decline is a continuation of the selling the markets experienced on Friday. The S&P 500 index fell 1.1 percent, while the Dow Jones Industrial Average lost 0.8 percent and the tech-heavy Nasdaq Composite slipped 1.8 percent. Click here for more.
No hay comentarios:
Publicar un comentario