Stock futures open flat as Wall Street wraps up a volatile week
The New York Stock Exchange is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease in New York City, April 26, 2020.on Thursday night after a decline in some major tech stocks, along with dismal employment data and rising tensions with China, pushed the market lower during regular trading.
The Dow fell just over 100 points earlier on Thursday while the S&P 500 and Nasdaq dropped 0.8% and nearly 1%, respectively. Amazon shares fell more than 2% after hitting a record high. Facebook also hit an all-time high, but closed below that level. Investors also fretted over U.S.-China trade relations. Earlier in the week, the Senate passed a bill that would potentially delist Chinese stocks from U.S. exchanges.," noting: "We believe there will be a significant push for the legislation to be taken up in the coming weeks, and we believe it is only a matter of time before this bill is signed into law."
Those weekly advances come amid optimism around the global economy reopening as well as rising hopes for a coronavirus vaccine.
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