Nuveen chief equity strategist Bob Doll discusses the market’s future given the coronavirus selloff.
(Reuters) – U.S. stock index futures are rebounding Sunday night with investors taking some solace from weekend comments by U.S. officials that aimed to soothe panic about a pandemic.
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Dow futures are higher by 1 percent.
Senior officials in President Donald Trump’s administration on Sunday tried to reduce concern about a global recession, saying the U.S. public had over-reacted and that stocks would rebound due to the American economy’s underlying strength.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 25409.36 | -357.28 | -1.39% |
| SP500 | S&P 500 | 2954.22 | -24.54 | -0.82% |
| I:COMP | NASDAQ COMPOSITE INDEX | 8567.367588 | +0.89 | +0.01% |
The S&P 500 fell more than 11 percent last week, its worst since the 2008 financial crisis.
Reporting by Alden Bentley; Editing by Daniel Wallis
