U.S. stock futures on Thursday morning pointed to declines at the day’s open amid concerns the coronavirus may be spreading in the U.S.
The CDC confirmed the first U.S. coronavirus case of unknown origin in Northern California, indicating possible “community spread” of the disease. The CDC doesn’t know exactly how the patient, a California resident, contracted the virus.
The president said stocks should recover from their recent swoon. But as Trump spoke, the news about the “community spread” coronavirus case added to concerns that the coronavirus is spreading at a rapid pace, hitting stock futures.
Worries over how the coronavirus will impact corporate profits and global economic growth have roiled the U.S. stock market this week as the number of confirmed cases increases. South Korea has confirmed a total of more than 1,200 cases. About 400 people have contracted the virus in Italy.
https://www.cnbc.com/2020/02/26/dow-futures-fall-after-microsoft-issues-coronavirus-warning.html