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.”
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