(For a live blog on the U.S. stock market, click LIVE/ or
type LIVE/ in a news window.)
* Futures: Dow down 0.25%, S&P slips 0.14%, Nasdaq flat
By C Nivedita
July 8 (Reuters) - U.S. stock index futures ticked lower in
choppy trading on Wednesday as investors stayed on the sidelines
in the face of an alarming rise in coronavirus caseloads across
the country that poses a risk to a recovery in business
activity.
The Nasdaq notched an intraday record high on Tuesday but
all the three main stock indexes finished lower as investors
booked profits following a strong run after a batch of upbeat
data strengthened the case for a bounce back in economy.
The number of confirmed U.S. cases surpassed 3 million on
Tuesday, affecting nearly one of every 100 Americans.
California, Hawaii, Idaho, Missouri, Montana, Oklahoma and Texas
shattered their previous daily record highs for new infections.
The surge, which has forced authorities to scale back on
reopening plans in parts of the country, is only expected to
delay economic recovery, according to market experts, while
their longer-term expectations of growth remain intact.
At 6:05 a.m. ET, Dow e-minis 1YMcv1 were down 64 points,
or 0.25%. S&P 500 e-minis EScv1 were down 4.5 points, or 0.14%
and Nasdaq 100 e-minis NQcv1 were up 1 points, or 0.01%.
Among early movers, Allstate Corp ALL.N slipped 0.4% as
the U.S. insurer said it would buy National General Holdings
Corp NGHC.O for about $4 billion in cash, scaling up its auto
insurance business at a time when the coronavirus has crushed
traffic on roads and reduced claims. Levi Strauss & Co LEVI.N fell 5.2% although in light
volume as the denim apparel maker cautioned its business would
be hit in the second half of the year, even as its sales have
been improving at its reopened stores.
- English (USA)
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
US STOCKS-Futures wobble as U.S. coronavirus cases top 3 million
Published 07/08/2020, 06:42 PM
Updated 07/08/2020, 06:50 PM
US STOCKS-Futures wobble as U.S. coronavirus cases top 3 million
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.
Latest comments
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.