U.S. stock index futures pointed to a higher open on Wednesday as the market continues to bounce back from a steep sell-off that was sparked by worries over the coronavirus.
Around 8:20 a.m. ET, Dow Jones Industrial Average futures were up by 261 points, indicating a gain of 301 points.
Stock futures turned higher in overnight trading after Reuters said a Chinese TV media outlet had reported that a research team at Zhejiang University had found an effective drug to treat people with the new coronavirus.
The news agency, citing traders, suggested this was a reason for the move higher in stocks.
Markets remain attuned to the coronavirus outbreak as confirmed cases in China near 25,000, claiming the lives of 490 people.
Stocks rallied on Tuesday as the market recovered from a huge sell-off on Friday, with the Dow closing 407.82 points higher.
Stock futures extended their gains on the data release.
https://www.cnbc.com/2020/02/05/us-futures-point-to-lower-open-as-traders-focus-on-virus-earnings.html
Around 8:20 a.m. ET, Dow Jones Industrial Average futures were up by 261 points, indicating a gain of 301 points.
Stock futures turned higher in overnight trading after Reuters said a Chinese TV media outlet had reported that a research team at Zhejiang University had found an effective drug to treat people with the new coronavirus.
The news agency, citing traders, suggested this was a reason for the move higher in stocks.
Markets remain attuned to the coronavirus outbreak as confirmed cases in China near 25,000, claiming the lives of 490 people.
Stocks rallied on Tuesday as the market recovered from a huge sell-off on Friday, with the Dow closing 407.82 points higher.
Stock futures extended their gains on the data release.
https://www.cnbc.com/2020/02/05/us-futures-point-to-lower-open-as-traders-focus-on-virus-earnings.html
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