U.S. Stock Index Futures Rally on Easing Pandemic Toll
- Trump, Pence say they see signs U.S. outbreak stabilizing
- S&P 500 Index lost 2.1% last week as rebound rally faded out
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U.S. stock index futures advanced after President Donald Trump and Vice President Mike Pence said they see signs the coronavirus outbreak in the country is beginning to level off or stabilize.
Contracts on the S&P 500 rose 3.9% at 8:47 a.m. in London, while futures climbed 4.2% on the Nasdaq 100 Index and added 4% on the Dow Jones Industrial Average. The daily toll in some of the world’s outbreak epicenters was lower Sunday. New York State fatalities fell for the first time. Italy had the fewest deaths in more than two weeks. France reported the lowest number in five days. Spain’s tally fell for a third day in a row.