U.S. Index Futures Fluctuated as Investors Assess Virus Count

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(Bloomberg) — U.S. stock index futures fluctuated as investors weighed the more recent the infection in the calculation of the prospects for stimulus measures.

September futures on the S&P 500 index increased 0.1 percent as of 7: 02 a.m. in London, after falling as much as 1.1%. Futures on the Dow Jones Industrial average was little changed and those on the Nasdaq 100 Index added 0.2%. Beijing has reported that nine new infections, in a sign that a recent outbreak came under control, while South Korea has seen the smallest daily increase in about a month. California of new cases rose to a record and the Florida infections have jumped.

“With regard to the UNITED states in the end, we have seen dips reverse gains to date in the morning, even if the moves have been retained, often modest,” said Jingyi Pan, a strategist at IG Asia. “Although there is a blank painful for the fresh catalysts in the market, some of the attention had been listening to the central banks and the yield potential of the control curve as another form of support.”

US stocks have fallen more than one week, on Friday, in the midst of a renewal of the uncertainty about the speed at which states can emerge from these prohibitions. The S&P 500 fell 0.6% in volatile trading, led by declines in utilities, energy and industrial shares. On the week, the benchmark index closed 1.9% higher.

Coronavirus case in the UNITED states have increased by 27,476 the same time, the Saturday, to 2.27 million, according to data collected by the Johns Hopkins University, and Bloomberg News.

“The financial conditions are easing, and the beginning of June, the surveys have improved significantly, but with the UNITED states case numbers on the rise, and small groups to enroll in a global scale, investors remain nervous,” Stephen Innes, the chief market strategist at AxiCorp Ltd., wrote in a note. “The market is caught between fears of a second Covid of the waves and the improvement of the data.”

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