U.S. stock futures rise following worst selloff since March

U.S. stock futures rise following worst selloff since March

U.S. stock futures gained late Thursday, following Wall Street’s worst selloff since March. As of 7 p.m. Eastern, Dow Jones Industrial Average futures were up about 100 points, or 0.4%, while S&P 500 futures and Nasdaq-100 futures rose around 0.3%. Earlier in the day, stocks plunged as coronavirus cases in the U.S. continued to rise and as investors digested Fed Chairman Jerome Powell’s cautious outlook Wednesday on the speed of the U.S. economic recovery. The Dow Jones Industrial Average closed down 1,861.82 points, or 6.9%, to 25,128.17, the S&P 500 ended down 188.04 points, or 5.9%, to finish at 3,002.10, and the Nasdaq Composite closed down 527.62 points, or 5.3%, at 9,492.73.

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