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| Topic | Stocks set to plunge at the open on virus second wave concern, Dow down 800 |
| SK8T3R215 06/11/20 8:39:10 AM #1: | Stock futures fell sharply in early trading Thursday as coronavirus cases increased in some states that are reopening up from lockdowns. Shares that have surged recently on hopes for a smooth reopening of the economy dropped in premarket trading. Futures on the Dow Jones Industrial Average dropped 851 points, or 3.2%. The move implied an opening decline of about 865 points. S&P 500 futures fell 2.6%. Nasdaq-100 futures dropped 1.8%. The downdraft in futures followed two straight days of losses for the 30-stock Dow and S&P 500 as investors ditched reopening trades for the megacap tech names. The S&P 500 dipped 0.5% on Wednesday, and the Dow slid about 280 points. Meanwhile, the Nasdaq Composite climbed 0.7% to a record closing high of 10,020.35, also its first-ever close above 10,000. The Nasdaq has risen for eight days in the past nine sessions, bringing its 2020 gains to nearly 10%. The S&P 500 is down 1.2% this year after briefly turning green for 2020 earlier this week. The Dow is down 5.4% for 2020. --- New York Knicks, New York Jets, New York Yankees. ... Copied to Clipboard! |
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