Futures edge higher as Trump suggests U.S. outbreak nearing peak [Reuters]
Tesla, Inc. (TSLA)
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Source: Reuters
Futures edge higher as Trump suggests U.S. outbreak nearing peak (Reuters) - U.S. stock index futures eked out gains on Wednesday on hopes that the coronavirus outbreak was nearing its peak in the United States, despite the country posting a record single-day jump of more than 1,800 deaths. Volatility looked set to continue from the closing stages of Tuesday’s session, when a tumble in oil prices wiped out early gains in a market still feeding on regular doses of news on corporate layoffs, cutbacks and losses. President Donald Trump, however, said late on Tuesday that the United States might be getting to the top of the “curve” of the outbreak, even as New York and several other states, posted their highest number of daily virus-related fatalities. “Traders are trying to pick a bottom in shares and scientists are trying to pick the peak in the pandemic. Both exercises typically result in a lot of false starts before the real thing,” Jasper Lawler, head of research at London Capital Gr
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