Future stocks stable after sale on Wall Street

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US equity futures remained unchanged overnight, after weak stocks in the previous session.Futures on Dow rose 40 points, indicating a gain of 0.16%. The S&P 500 and Nasdaq-100 are also expected to open higher, with gains of 0.08% and 0.12%, respectively.

On Tuesday, the Dow Jones Industrial Average lost 397 points, or 1.5%, breaking a two-day winning streak. The Dow Jones was lowered by a 4.8% drop from Boeing. The S&P 500 also posted a loss, sliding 1.1%, to break a five-day winning streak.The Nasdaq Composite lost 0.86%, after reaching Tuesday its 27th all-time record for the year at the start of the session Tuesday. The tech index was positive for most of the day thanks to the strength of Apple, Microsoft, Facebook and Netflix, all of which hit records.

“While significant gains in tech stocks kept the market afloat yesterday, even these market darlings capitulated during the afternoon hours today,” Jim Paulsen, chief strategist at CNBC, told CNBC. investments in the Leuthold Group.

According to Johns Hopkins University, more than 2.93 million cases of coronavirus have been confirmed in the United States with at least 130,306 deaths, according to Johns Hopkins University.

“Concerns about the increase in the number of Covid cases in the United States have continued to shake confidence in the reopening of efforts regarding the country,” added Paulsen.

Sentiment was heightened when the US government awarded drug maker Novavax a $ 1.6 billion contract to develop a coronavirus vaccine, the largest amount ever awarded in Operation Warp Speed Of the White House.

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