U.S. stock futures rose in early morning trade on Thursday and pointed to gains at the day’s open, as markets try to rebound after kicking off the second quarter in the red.
Dow futures rose 398 points, indicating a gain of about 331 points at the open on Thursday. The S&P 500 and Nasdaq Composite were also set to open modestly higher.
Stocks posted steep losses on Wednesday to begin the second quarter, as the coronavirus outbreak continues to wreak havoc on global markets.
The Dow Jones Industrial Average closed 4.4%, or 973.65 points, lower at 20,943.51. The S&P 500 and Nasdaq Composite also closed 4.4% lower, at 2,470.50 and 7,360.58, respectively. Stock losses accelerated minutes before the close, although the major averages did manage to end the session off the lows of the day. The Dow briefly fell more than 1,100 points.
Source : CNBC