Futures fall after strong three-day rally as virus threat continues

U.S. stock index futures fell on Friday, a day after the S&P 500 and Dow posted their best three-day run since the 1930s, as the United States faced the prospect of becoming the next global epicenter of the coronavirus pandemic.

FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York, U.S., March 20, 2020. REUTERS/Lucas JacksonREUTERS: U.S. stock index futures fell on Friday, a day after the S&P 500 and Dow posted their best three-day run since the 1930s, as the United States faced the prospect of becoming the next global epicenter of the coronavirus pandemic.

Despite a jittery start to the week, all three major indexes have jumped between 13.3per cent and 17.6per cent so far after unprecedented policy easing by the U.S. Federal Reserve and hopes of a US$2.2 trillion government stimulus aid bill.Debate on the proposal, aimed at flooding the country with cash in a bid to counter the economic impact of the intensifying outbreak, is scheduled to start in the U.S. House of Representatives later on Friday.

At 05:30 a.m. EDT, Dow e-minis were down 443 points, or 1.99per cent, S&P 500 e-minis were down 51.5 points, or 1.97per cent and Nasdaq 100 e-minis were down 161 points, or 2.05per cent.The S&P 500 index closed up 6.24per cent at 2,630.07​ on Thursday.

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