S&P 500 Futures Fall on U.S. Virus Case Without Outbreak Ties
- S&P 500 index futures trim early losses, still down 0.7%
- Virus spread threatens to derail global economic growth
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U.S. stock index futures fell after American health authorities said they’ve identified the first case of coronavirus that doesn’t have known ties to an existing outbreak.
March contracts on the S&P 500 Index dropped as much as 1.6% after the U.S. Centers for Disease Control and Prevention said the patient doesn’t appear to have traveled to China or been exposed to another known case of the virus. Contracts also dropped after a speech by President Donald Trump failed to assuage investors’ concerns of the novel coronavirus derailing global growth.