Stock futures tumble as fears of virus resurgence flare

[Yo_Mama_Been_Loggin]

Stock futures opened lower Sunday evening as daily coronavirus case counts rose by records in some states.

The early moves for futures extended declines from last week’s choppy equity trading sessions. The S&P 500 and Dow dipped at the end of last week but held onto weekly advances after Apple said it was closing retail stores in states where Covid-19 cases were spiking anew.

A number of states continued to struggle this weekend with rising coronavirus cases as businesses reopen, with states across the South, West and Midwest hit especially hard. California on Sunday reported a record 4,515 new cases in a 24-hour period, marking the highest so far in one day for the state during the pandemic. Cases in Florida rose by a single-day record of 4,049 based on Saturday’s tally, and cases on Sunday increased by another 3,494.

States including Arizona, Nevada, Missouri, South Carolina, Montana and Utah also saw cases rise by one-day records this weekend, stoking concerns of a broad-based resurgence in the pandemic that could threaten to stunt the nation’s reopening process.

https://finance.yahoo.com/news/stock-market-news-live-june-22-2020-222006226.html

You winning Trump style.

[spanone]

1. Don't see it in the futures market....

https://www.bloomberg.com/markets/stocks/futures

[Demsrule86]

6. Just checked . Down a bit more than 200 points.

[spanone]

8. Where? Bloomberg futures +121

https://www.bloomberg.com/markets/stocks/futures

[Demsrule86]

9. It is on my apple phone...apple news.

Also some articles

[sfstaxprep]

2. Futures Up About 100 Points

The market is a joke.

[SunSeeker]

3. I got out of stocks back in February when it was clear Trump was gonna let Covid kill us. nt

[Hoyt]

4. Don't think we have to distort Market, unemployment, etc., to beat

trump. Futures are up a bit right now, not that that means much.

[captain queeg]

5. Stock market is probably banking on more government free money

You know trump will do anything to buoy the stock market. It’s just like a casino for the rich.

Remember when you were in grade school and were taught about capitalism? Those little charts showing companies making money, investing in improvements and higher pay for workers? The propaganda started early.

[former9thward]

7. In order to get the "government free money" the House would have to approve.

So it would be also be Democrats trying to "buoy the stock market."

The market is not a casino. Just the opposite. The longer you stay in a casino the greater the chance you will lose money. The longer you stay in the market you will gain money. The market is a reflection of the country and as the country becomes more wealthy the market rises. That has been its history for 130 years.

[Squinch]

10. They're up now. Because Powell has pledged your money and mine to bail out the corporate trough.