Stock futures were flat on Thursday night following a mixed session in which coronavirus concerns pushed investors further into tech shares.
Dow Jones Industrial Average futures were up just 18 points, or 0.1%. S&P 500 and Nasdaq-100 futures traded marginally higher as well.
But the rest of the market struggled. The Dow dropped more than 300 points, erasing its week-to-date gains. The S&P 500 dipped 0.6%."It was a relatively quiet session, yet a roller coaster ride nonetheless," said Frank Cappelleri, executive director at Instinet, in a note to clients. He also pointed out the S&P 500 fell 2% from its session high to its low of the day before regaining some of those losses.
The virus resurgence raised questions about the health of the economy moving forward, pressuring companies that would benefit from an economic recovery. Airlines such as United, Delta and American all closed lower on Thursday. Cruise operators Carnival and Norwegian Cruise Line also fell.
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