U.S. stock index futures are pointing to a sharply lower open on Friday morning after the number of new coronavirus cases escalated.
Investors continue to monitor the coronavirus outbreak, with China's National Health Commission on Thursday reporting a total of 75,465 confirmed cases and 2,236 deaths on the mainland.
February flash manufacturing and services PMI readings are due at 9:45 a.m. ET on Friday, while January existing home sales figures are expected at 10 a.m. ET.are pointing to a sharply lower open on Friday morning after the number of new coronavirus cases escalated. At around 2:05 a.m. ET, Dow futures were down 123 points and indicated an implied negative open of more than 153 points. Futures on the S&P 500 and Nasdaq were also lower.
Investors continue to monitor the coronavirus outbreak, with China's National Health Commission on Thursday reporting a total of 75,465 confirmed cases and 2,236 deaths on the mainland. South Korea reported 52 new cases on Thursday to take its total to 150. U.S. stocks are coming off a negative session driven by a sudden midday sell-off which confounded traders and brought markets back from previous record highs.
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