Dow futures fall more than 200 points amid virus concerns, airlines and retailers slide
Stock futures were lower on Thursday as investors weigh the rising number of coronavirus cases in the U.S. and around the world.
Airlines, retailers and cruise lines led the early declines. United Airlines fell by 4.2%. Delta and American dropped 3.3% and 3.7%, respectively. Nordstrom and Kohl’s both slid more than 2%. Carnival, Norwegian Cruise Line and Royal Caribbean traded lower by 7.2%, 5.4% and 4.2%, respectively.
Several states in the U.S. are experiencing a resurgence of infections. Arizona reported a record-high number of new confirmed cases, while Texas saw an 11% daily spike in hospitalizations for patients with Covid-19 on Wednesday.
In China, the country’s capital city has reportedly closed schools and canceled flights to contain the latest wave of coronavirus cases. …continued .
[Source: CNBC News]