U.S. stock index futures slipped from record levels on Monday, as investors assessed a surge in coronavirus cases and faltering economic ...
U.S. stock index futures slipped from record levels on Monday, as investors assessed a surge in coronavirus cases and faltering economic indicators following a solid run on hopes of more fiscal stimulus.
Global infections surpassed 90 million and several health experts said the rollout of vaccines in many countries will not provide herd immunity from the pandemic this year, citing limited access for poor countries, community trust problems and potential virus mutations.After official data pointed to a significant slowdown in labor market recovery on Friday, investors will focus on inflation, retail sales and consumer sentiment indicators this week to gauge the extent of economic damage.
Fourth-quarter results from JP Morgan, Citi and Wells Fargo on Friday will kick-off the earnings season, which could offer more clues on if company executives reflect the enthusiasm of a rebound in 2021 earnings and the economy.
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