Stock market live updates: Dow futures down 750

This is a live blog. Please check back for updates.

Stocks not directly tied to the coronavirus fears are also very weak in premarket trading as investors sell popular positions in a risk off move. Netflix shares were off 4%. Amazon, Microsoft and Disney all dropped more than 3%. —Melloy

Stocks directly and indirectly hurt from the spread of the coronavirus were selling down big in the premarket. American Airlines and Delta were both down more than 4%. Carnival Corp was off by more than 6%. Las Vegas Sands and MGM Resorts were both off by 5%. Tech stocks, who could have the most to lose from a slowdown in global growth, were getting hit. Advanced Micro Devices, Micron and Nvidia were all down more than 6%. Apple was off by 4%. Global apparel maker Nike was down 4%. —Melloy

U.S. stock futures are falling sharply on Monday morning as investors dump riskier assets amid a spike in coronavirus cases outside of China. Dow Jones Industrial Average futures were down more than 800 points. S&P 500 and Nasdaq 100 futures were down by 2.7% and 3.2%, respectively. South Korea raised on Sunday its coronavirus alert to the “highest level,” with the latest spike in numbers bringing the total infected to more than 750 — making it the country with the most cases outside mainland China. Italy has also reported three deaths related to the coronavirus and more than 100 cases. —Imbert

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Source: https://www.cnbc.com/2020/02/24/stock-market-today-live.html

You may like

In the news
Load More