Futures dip as coronavirus cases outside China rise

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Futures dip as coronavirus cases outside China rise
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U.S. stock index futures fell on Thursday, a day after the S&P 500 and Nasdaq cl...

Traders work on the floor of the New York Stock Exchange in New York, U.S., February 19, 2020. REUTERS/Brendan McDermid

South Korea reported a spike in new cases on Thursday and Japan reported two new deaths while research suggested the virus spreads faster than previously thought. China reported a sharp drop in new cases, but the data was treated with skepticism as another change in the diagnostic method raised questions about the extent to which daily tallies accurately reflect the state of the outbreak.

Recent policy easing in the country, a largely better-than-expected fourth quarter earnings season and hopes that the economic jolt from the outbreak will be short-lived have pushed Wall Street’s main indexes to new peaks in recent weeks.

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