U.S. stock futures were lower Thursday morning, following a massive rally in the previous session.

At around 4:42 a.m. ET, Dow Jones industrial average futures slipped 403 points, indicating a negative open of more than 500 points.

The pre-market moves came amid a roller-coaster week for stocks on Wall Street, which saw the 30-stock Dow swinging 1,000 points or higher two times within three days. Following a surge on Wednesday, the three major averages stateside moved out of correction territory, meaning they are now less than 10% down from their 52-week highs.

A series of factors have been driving investor sentiment, ranging from developments around the coronavirus outbreak that continued to spread globally to former Vice President Joe Biden’s major wins during Super Tuesday.

Source: CNBC