Stock futures ticked down Wednesday evening, adding to losses from the regular session.
The S&P 500 and Dow snapped a three-day winning streak by market close, with concerns over a jump in coronavirus cases in some major states contributing to declines. However, big tech shares continued to climb and added to their run of outperformance, despite increasing scrutiny from regulators in the U.S. and Europe. Apple’s (AAPL) stock climbed to an all-time intraday high, but steadied near the flat line during late trading.
Travel and leisure stocks fell Wednesday, with increases in new coronavirus cases appearing and threatening a smooth reopening process. New cases in Florida jumped to the highest level since the pandemic began, and Texas’s hospitalization rate surged by the most since the beginning of the month. Other states including Arizona, Nevada and Oregon also saw spikes in cases as of Wednesday’s counts, as regions struggled to keep