Stock futures decline after volatile session for markets [CNBC]
JP Morgan Chase & Co. (JPM)
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Source: CNBC
Stock futures decline after volatile session for marketsPublished Tue, Apr 7 2020Updated an hour agoMaggie Fitzgerald@mkmfitzgeraldVIDEO1:0901:09News Update – Market CloseNews BriefingU.S. stock futures were lower in overnight trading and pointed to losses at the open on Wednesday, continuing a volatile week for stocks gripped by the coronavirus shutdown.Dow futures dropped 236 points, implying a Wednesday opening decline of about 289 points. S&P 500 and Nasdaq futures also pointed to lower opens.OnTuesday"As [Tuesday's] stock market shows, volatility is likely to remain for some time," said Jim Paulsen, chief investment strategist at the Leuthold Group.Some investors believed equities were getting ahead of the reality where coronavirus shutdowns are likely to weigh on the economy significantly beyond the second quarter. The major averages have rallied about 20% from their March 23 lows.Goldman Sachs chief equity strategist David Kostin warned about a "bear market rally," that appears
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