U.S. stock futures fell sharply early Wednesday as investors feared an increase in coronavirus infections could halt the recovering economy.
Futures for the Dow Jones Industrials dropped 475 points, or 1.7%, to 26,890. The Dow is already down 3% on the week, giving up its gain for October.
Futures for the S&P 500 slouched 50 points, or 1.5%, at 3,333.
Futures for the NASDAQ Composite let go of 147.25 points, or 1.3%, to 11,440.75.
Daily U.S. coronavirus cases have risen by a record average of 69,967 over the past week, data compiled by Johns Hopkins University showed. Meanwhile, coronavirus-related hospitalizations are up 5% or more in 36 states, according to data from the Covid Tracking Project.
This uptick has led some countries to reinstate certain lockdown measures. In the U.S., the state of Illinois has ordered Chicago to shut down indoor dining.
Stocks that would be hurt most by lockdowns … Read the rest