REUTERS: U.S. stock indexes were set to fall sharply at the open on Friday, following the S&P 500 and the Dow's best three-day run in nearly a century, as fears about the economic damage from the rapidly spreading coronavirus returned to the forefront.
But with the S&P 500 still down more than 20per cent - or about US$6 trillion in value - from its mid-February record highs, traders said the rebound was unlikely to last without evidence that the virus was being contained. A record 3 million surge in U.S. weekly jobless claims offered the first glimpse of the extent of the economic damage from the outbreak, which has forced several companies to shutter stores and announce layoffs.
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