U.S. stock index futures lurched downwards on Friday as a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds.
U.S. stocks fell about 1per cent at one point on Thursday, with high-growth stocks including Microsoft Corp and Apple Inc taking the biggest hit. Investors will keep an eye on IHS Markit's U.S. manufacturing and services sector activity data for February, due at 9:45 a.m. ET, to gauge the impact of coronavirus on businesses.
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