US stock futures fell in overnight trading on Thursday as rising new coronavirus cases cast doubt on a swift economic recovery, CNBC reports. Also weighing on sentiment was a disagreement between the Treasury Department and the Federal Reserve over the continuation of funding for some of the emergency programs implemented during the recession. Futures on the Dow Jones Industrial Average dropped 220 points, implying a loss of more than 200 points at Friday’s open. S&P 500 futures slid by 0.7 percent and Nasdaq 100 futures dipped by 0.3 percent. The market’s rally to records slowed down in recent days as more immediate concerns about the worsening pandemic overshadowed optimism toward a viable vaccine.

Source: The Standard November 20, 2020 02:48 UTC