Stock Market Futures Drop After Trump Press Conference

U.S. stock index futures fell as President Trump’s speech failed to assuage investors’ concerns of the novel coronavirus derailing global growth, Bloomberg reports.

“March contracts on the S&P 500 Index were down 0.4% as of 9:19 a.m. in Tokyo, after slumping as much as 1%, as the president held a press conference to update the country on the administration’s response to the growing crisis. The underlying index is mired in a five-day losing streak that wiped out more than $2 trillion in value from American equities.”

Washington Post: “The president was contradicted almost in real time by some of the government experts who flanked him as he stood in the White House press briefing room.”