Russell 2000 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Friday closed down -0.90%, the Dow Jones Industrials Index ($DOWI) closed down -0.58%, and the Nasdaq 100 Index ($IUXX) closed down -0.82%.
U.S. stock indexes sold off fairly sharply on Friday with the S&P 500 and Nasdaq 100 Index at 1-week lows and the Dow Jones Industrials at a 1-1/2 week low as concern about the spread of the deadly Chinese coronavirus sparked long liquidation in stocks.
Concern grew on Friday about China's coronavirus and its negative impact on economic growth. France on Friday reported the first 2 cases of the virus in Europe and the U.S. reported that 2 more people were infected by the virus. There are more than 900 cases of the virus reported thus far with 26 deaths. There are fears that the virus will continue to spread as hundreds of millions of Chinese travel across the country and globally for the New Year holiday that began Friday. The Chinese stock markets were closed Friday and will not reopen until next Friday... Read more