Stock futures dipped on Tuesday evening, with traders booking some profits after a brisk rally helped investors recoup some of Monday’s ugly losses that pushed the Dow Jones Industrial Average to its worst day since Black Monday of 1987.
[Read more: Coronavirus jitters send Dow swooning to worst-ever point loss, closes at near 3-year low]
The coronavirus pandemic continues to keep investors on edge, as one major economy after the other shuts its borders to stem the outbreak. On Tuesday, Wall Street soared after the Trump administration floated a fiscal pump-priming package to ward off the effects of the COVID-19 outbreak that’s cascading across the global economy.
However, Tuesday’s move was not enough to undo the damage wrought by a viral outbreak that has a stranglehold on dozens of countries around the world — and driven stocks from record highs to a bear market in just under a month.
Worldwide, the total of coronavirus infections is creeping inexorably toward 200,000 — with over 5,000 alone in the U.S. — amid a death total that is closing in on 8,000.
Volatility stemming from the outbreak has seen the Dow move up or down by 1000 points or more for 7 straight days, and 11 times total in the last month, according to Yahoo Finance data.
6:15 p.m. ET: Stock futures up slightly in early trading
Futures for each of the three major indices were up slightly as the Asia trading session got underway, after a big rally helped the Dow claw back from a nearly 3,000 point dive.
Here were the main moves in markets, as of 6:15 p.m. ET:
S&P 500 futures (ES=F): 2,484.00, -1.50 or -0.06%
Dow futures (YM=F): 20,829.00, -31.00 or -0.15%
Nasdaq futures (NQ=F): 7,373.00, -19.25 or -0.26%
Crude oil (CL=F): 26.72, -0.23 or -0.85%
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