Stock futures fall as U.S. states rush to contain virus flare-ups

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U.S. stock index futures dropped on Wednesday as investors shunned risky bets with many U.S. states scrambling to fight a spike in coronavirus infections.

Washington state made face masks mandatory in public places, while many other U.S. states saw record cases, including Arizona and Texas, where restrictions meant to slow its spread were lifted early.

U.S. airlines, resorts and cruise operators, among the worst hit by the pandemic’s fallout, declined with United Airlines Holdings Inc, Royal Caribbean Cruises Ltd, Carnival Corp down between 3.1% and 4.9% in premarket trading. A slate of better-than-expected economic data and massive stimulus measures have powered the Nasdaq to a record level and put the benchmark S&P 500 on track for its best quarterly performance since 1975.

 

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