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U.S. stock futures tumble as China coronavirus spreads, worries escalate


Monday, 27 January 2020 15:37 WIB

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U.S. stock futures indicated sharp losses for major indexes on Monday, continuing a drop seen from late last week, as concern grows over the fallout from China’s coronavirus, with the death toll and number of infected climbing dramatically from last week.

Dow Jones Industrial Average futures slid 282 points, or 1%, to 28,649, while those for the S&P 500 slid 33 points, or 1%, to 3,260.25. Nasdaq-100 tumbled 116.25 points, or 1.3%, to 9,030 -- tech stocks have been in out in front of the gains so far in 2020.

Worries about the spread of the China virus drove stocks to their lowest levels in over a week on Friday. The Dow Jones Industrial Average closed down 170.36 points, or 0.6%, at 28,989.73, while the S&P 500 lost 0.9% to finish at 3,295.47. The Nasdaq touched a fresh intraday high in early trade but ended down 0.9% at 9,314.91.

For the week the Dow lost 1.2%, while the S&P 500 gave back 1% and the Nasdaq fell 0.8%.

Source: Marketwatch


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