Stock futures fall after three straight sessions of gains

Stock futures fall after three straight sessions of gains

Stock futures slipped Friday morning, giving back some gains after Thursday’s session saw each of the S&P 500 and Dow climb more than 6%.

Losses in contracts on the three major indices Friday tracked declines in European equities after EU member countries failed to agree on a concrete plan to address the coronavirus outbreak in the region.

Countries including Italy, Spain and France – those hit hardest by the outbreak – had called for the joint issuance of so-called “coronabonds” to help raise funds through the issuance of shared European debt, but other member countries struck down the relief move during last night’s discussions. An announcement that UK Prime Minister Boris Johnson tested positive for COVID-19 also weighed on risk assets.

During the regular session Thursday, stocks ended higher for a third straight day as investors hoped a $2 trillion relief package passed by the U.S. Senate would help offset some of the domestic economic damage dealt by the coronavirus outbreak. It was the first time the S&P 500 posted three consecutive sessions of advances since mid-February.

The House of Representatives is set to vote on the coronavirus economic relief package Friday.

Stocks’ gains during Thursday’s session, which came even after the U.S. Labor Department reported the largest number of new weekly unemployment claims on record, sent the Dow 1,351 points higher to settle above the 22,500 level – more than 20% above its recent closing low from March 23.

While policymakers around the world have stepped up their efforts to mitigate the economic blow from the virus, the pandemic itself has shown few signs of abating outside of China. Italy, one of the epicentres for the outbreak, reported its largest jump in new cases in the last five days, with new cases Thursday rising by 6,153.

Global cases of the coronavirus topped 526,000 as of Thursday evening, including 82,400 in the U.S, according to Johns Hopkins data. At that level, the number of cases in the U.S. topped those in China and Italy for the first time, and the domestic death toll from the outbreak surpassed 1,100.

As states across the country remain in or go into lock-down, President Donald Trump sent a letter to governors Thursday suggesting the White House was seeking to create guidelines for individual counties classified as either high, medium or low risk for the outbreak to expand further. Trump has said he wants the country to widely reopen businesses by Easter in mid-April, although health officials have suggested lifting stay-in-place orders by that time could be premature as the coronavirus case count continues to climb.

8:30 a.m. ET: Personal spending rises 0.2% in February, matching expectations

U.S. personal spending rose 0.2% in February, matching consensus economist expectations and January’s pace of gains. Meanwhile, personal income rose 0.6%, outpacing the 0.4% rise expected.

Core personal consumption expenditures rose 0.2% month on month in February, also meeting expectations and January’s gains. Over last year, core PCE – the Federal Reserve’s preferred inflation gauge – rose 1.8%, or slightly faster than the 1.7% gain expected and seen in January.

The Commerce Department’s February measures of personal spending, income and PCE capture the period before the escalation of the coronavirus in the U.S.

6:56 a.m. ET Friday: Stock futures edge up as overnight session kicks off

Stock futures were lower Friday morning as investors weighed the House of Representative’s planned vote on a $2 trillion stimulus package against a rising coronavirus case count in the U.S., where the outbreak has now infected more people than in Italy and China.

Here were the main moves in markets, as of 6:56 a.m. ET:

  • S&P 500 futures (ES=F): down 1.86%, or 48.5 points to 2,559.5
  • Dow futures (YM=F): down 1.88% or 421 points to 21,927.00
  • Nasdaq futures (NQ=F):down 1.68% or 131.75 points to 7,712.25
  • Crude (CL=F): +$22.73 (+0.13%) to $22.73 a barrel
  • Gold (GC=F): -$23.00 (-1.39%) to $1,628.20 per ounce
  • 10-year Treasury (^TNX): -4.3 bps to yield 0.765%

6:01 p.m. ET Thursday: Stock futures edge up as overnight session kicks off

Futures for each of the three major indices were slightly higher Thursday evening as Congress closed in on passing a $2 trillion economic relief package.

Here were the main moves in markets, as of 6:01 p.m. ET:

  • S&P 500 futures (ES=F): up 0.51%, or 13.25 points to 2,621.25
  • Dow futures (YM=F): up 0.55% or 122 points to 22,470
  • Nasdaq futures (NQ=F): up 0.31% or 24.25 points points to 7,868.25

Yahoo Finance contributed to this post.


  1. I just want to tell you that I’m newbie to blogging and site-building and really liked you’re web site. Very likely I’m going to bookmark your site . You certainly have outstanding posts. Thanks for sharing with us your website page.

  2. Hello there. I discovered your website via Google even as looking for a comparable topic, your web site got here up. It seems great. I have bookmarked it in my google bookmarks to visit then.

  3. This is the right blog for any individual who wants to find out about this topic. You recognize so much its practically hard to suggest with you (not that I actually would want?HaHa). You definitely placed a brand-new spin on a topic thats been written about for many years. Wonderful stuff, just excellent!

  4. Super-Duper site! I am loving it!! Will come back again. I am bookmarking your feeds also.

  5. Somebody essentially help to make seriously posts I would state. This is the first time I frequented your website page and thus far? I amazed with the research you made to create this particular publish extraordinary. Excellent job!

  6. I am no longer sure the place you are getting your info, however good topic. I must spend some time learning more or working out more. Thanks for fantastic information I was searching for this info for my mission.

  7. It’s perfect time to make some plans for the future and it is time to be happy. I have read this post and if I could I wish to suggest you few interesting things or tips. Perhaps you could write next articles referring to this article. I desire to read even more things about it!

  8. Admiring the commitment you put into your site and in depth information you provide. It’s great to come across a blog every once in a while that isn’t the same out of date rehashed material. Wonderful read! I’ve bookmarked your site and I’m adding your RSS feeds to my Google account.

  9. An intriguing conversation deserves comment. I think that you need to compose more on this topic, it might not be a forbidden topic but usually individuals are inadequate to speak on such subjects. To the following. Thanks

  10. This internet site is really a walk-through for all of the info you wanted concerning this and also didn?t know that to ask. Glance below, as well as you?ll definitely uncover it.

  11. I like this post, enjoyed this one appreciate it for posting. “It is well to give when asked but it is better to give unasked, through understanding.” by Kahlil Gibran.

  12. I was very happy to uncover this web site. I want to to thank you for your time for this fantastic read!! I definitely enjoyed every part of it and i also have you book-marked to see new information in your website.

  13.  Kiedy udać się do lekarza Jeśli Twoja erekcja trwa dłużej niż cztery godziny, skontaktuj się z lokalnymi służbami ratunkowymi. Ten stan jest znany jako priapizm. Priapizm może uszkodzić tkankę prącia i może prowadzić do trwałych zaburzeń erekcji, gdy nie jest leczony. Bolesna erekcja może być również oznaką priapizmu.

  14. Oh my goodness! an amazing article dude. Thank you Nevertheless I am experiencing concern with ur rss. Don?t recognize why Unable to sign up for it. Is there anybody getting the same rss issue? Anyone who understands kindly respond. Thnkx

  15. Thanks for sharing your ideas. Another thing is that college students have a selection between national student loan as well as a private student loan where it really is easier to decide on student loan debt consolidation loan than over the federal student loan.

  16. I was very pleased to uncover this site. I want to to thank you for ones time for this wonderful read!! I definitely loved every part of it and i also have you bookmarked to look at new information on your website.

  17. I blog often and I genuinely thank you for your content. Your article has truly peaked my interest. I am going to book mark your site and keep checking for new information about once per week. I subscribed to your RSS feed as well.

  18. Another issue is that video games can be serious anyway with the most important focus on finding out rather than enjoyment. Although, we have an entertainment part to keep your sons or daughters engaged, every single game is usually designed to focus on a specific expertise or curriculum, such as mathematics or science. Thanks for your posting.

  19. Great site. Lots of useful information here. I am sending it to some friends ans also sharing in delicious. And obviously, thanks for your sweat!

  20. Great article! We are linking to this particularly great article on our site. Keep up the great writing.

  21. Simply wish to say your article is as astonishing. The clearness for your post is just great and i could think you’re a professional on this subject. Well along with your permission allow me to grab your feed to keep updated with coming near near post. Thanks 1,000,000 and please carry on the gratifying work.

  22. Way cool! Some very valid points! I appreciate you penning this article and also the rest of the site is extremely good.

  23. This design is steller! You definitely know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Great job. I really loved what you had to say, and more than that, how you presented it. Too cool!

  24. Having read this I thought it was extremely enlightening. I appreciate you taking the time and energy to put this informative article together. I once again find myself spending a significant amount of time both reading and commenting. But so what, it was still worth it.

  25. Kontrolowanie choroby afektywnej dwubiegunowej jest pierwszym krokiem do poprawy życia seksualnego. Łatwiej jest rozwiązać te problemy, gdy nastrój jest stabilny. Wiele osób z chorobą afektywną dwubiegunową ma zdrowe relacje i satysfakcję z życia seksualnego. Kluczem jest współpraca z lekarzem w celu znalezienia odpowiedniego leczenia i rozmowa z partnerem o wszelkich problemach seksualnych, które mogą wystąpić.

  26. Definitely, what a splendid site and instructive posts, I definitely will bookmark your site.Have an awsome day!

  27. Hi, I do believe this is an excellent site. I stumbledupon it 😉 I’m going to return once again since I bookmarked it. Money and freedom is the greatest way to change, may you be rich and continue to guide others.

  28. Everything is very open with a precise description of the issues. It was truly informative. Your website is extremely helpful. Many thanks for sharing.

  29. I want to show thanks to this writer just for bailing me out of this particular situation. As a result of surfing around throughout the the net and seeing ways which are not pleasant, I thought my life was done. Living minus the solutions to the problems you’ve fixed all through your short article is a crucial case, as well as the kind which might have in a negative way affected my entire career if I hadn’t encountered your web blog. Your main knowledge and kindness in playing with every part was priceless. I’m not sure what I would’ve done if I had not come upon such a thing like this. I’m able to now look ahead to my future. Thank you so much for your high quality and result oriented help. I will not hesitate to refer your web site to any individual who needs to have support on this situation.

  30. I like it when individuals come together and share thoughts. Great blog, continue the good work!

  31. Hi there! I could have sworn I’ve visited this website before but after looking at a few of the articles I realized it’s new to me. Anyways, I’m certainly delighted I discovered it and I’ll be bookmarking it and checking back regularly.

  32. I really appreciate this post. I¡¦ve been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thank you again

  33. This is a topic that is close to my heart… Take care! Exactly where are your contact details though?

  34. Hey very nice web site!! Man .. Beautiful .. Amazing .. I’ll bookmark your web site and take the feeds also…I’m happy to find numerous useful information here in the post, we need work out more techniques in this regard, thanks for sharing. . . . . .

  35. This is the ideal blog for anyone that wishes to discover this topic. You realize so much its nearly difficult to argue with you (not that I actually would want?HaHa). You certainly placed a brand-new spin on a topic thats been blogged about for many years. Excellent things, just great!

  36. The very next time I read a blog, I hope that it doesn’t disappoint me as much as this one. I mean, Yes, it was my choice to read through, however I actually thought you’d have something helpful to say. All I hear is a bunch of complaining about something you could fix if you weren’t too busy seeking attention.

Leave a Reply

Your email address will not be published. Required fields are marked *