U.S. stock index futures bounced for a second straight day on Tuesday as risk appetite returned on tentative signs the coronavirus outbreak was ...
U.S. stock index futures bounced for a second straight day on Tuesday as risk appetite returned on tentative signs the coronavirus outbreak was starting to plateau in hard-hit U.S. states. All three major indexes rallied more than 7per cent on Monday after the governors of New York and New Jersey said their states, hot spots of the COVID-19 disease, were showing early signs of a"flattening" of the outbreak.
FILE PHOTO: A nearly deserted Wall Street and the steps of Federal Hall are seen in lower Manhattan during the outbreak of the coronavirus disease in New York City, New York, U.S., April 3, 2020. REUTERS/Mike SegarREUTERS: U.S. stock index futures bounced for a second straight day on Tuesday as risk appetite returned on tentative signs the coronavirus outbreak was starting to plateau in hard-hit U.S. states.
But they warned against complacency as the nationwide death toll approached 11,000 and global infections surged past 1.3 million, while companies braced for an earnings recession in the face of fading demand. Exxon Mobil , Marathon Oil and Apache Corp rose between 4per cent and 8per cent as oil prices rallied amid hopes that the world's main oil producers including Saudi Arabia and Russia would agreeing to cut output at a meeting on Thursday.At 05:36 a.m.
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