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US STOCKS-Futures jump on hopes of slowdown in coronavirus cases

Published 06/04/2020, 10:49
Updated 06/04/2020, 10:54

(For a live blog on the U.S. stock market, click LIVE/ or
type LIVE/ in a news window.)
* Futures surge: Dow 3.87%, S&P 3.92%, Nasdaq 4.13%

By Uday Sampath Kumar
April 6 (Reuters) - U.S. stock index futures jumped about 4%
on Monday after President Donald Trump expressed hope that the
coronavirus health crisis in the United States was
"leveling-off" in some of the country's hardest-hit areas.
Wall Street's main indexes fell more than 1.5% on Friday as
a record 113-month expansion in U.S. employment came to an
abrupt end, underlining the extent of the pandemic's economic
devastation.
New York, the country's biggest hot spot, reported for the
first time in a week that virus-related deaths in the state had
fallen from the day before, while the number of deaths in France
and Italy also slowed. Shares of most major U.S. airlines, among the most battered
this year due to the sudden drop in travel, jumped early on
Monday, but Delta Airlines DAL.O fell over 5% in premarket
trading, as Citigroup cut its price target on the stock.
At 05:29 a.m. ET, Dow e-minis 1YMcv1 were up 811 points,
or 3.87%, S&P 500 e-minis EScv1 were up 97.25 points, or 3.92%
and Nasdaq 100 e-minis NQcv1 were up 310.75 points, or 4.13.
SPDR S&P 500 ETFs SPY.P were up 4.05%.

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