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U.S. Stock-Index Futures Advance on Dip-Buying After Rout [Yahoo! Finance News]
Last gilead sciences, inc. earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: investors.gilead.com
) -- U.S. stock-index futures rose as some investors deemed that Monday’s equity rout brought prices to attractive levels amid speculation that a drug to treat the novel coronavirus may be on the horizon. S&P 500 Index futures contracts expiring in March rose 0.2% at 10:34 a.m. in London, while contracts climbed 0.1% for the Dow Jones Industrial Average and advanced 0.3% for the Nasdaq 100. In Europe, the Stoxx 600 Index erased earlier gains and fell 0.8%, with carmakers being the worst perfomers and banks also underperforming. All three main U.S. stock benchmarks fell more than 3% Monday on growing concern that the coronavirus is spreading more widely outside China. The S&P 500 fell the most since February 2018 and now has declined three straight days, its longest losing streak since December. U.S. stocks have lost about $1 trillion in value in the past two sessions. Japan’s stock market, which was closed Monday, also slid more than 3% Tuesday. “U.S. futures are going up a little on
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