U.S. Stock Futures Dip After Three-Day Rally as Virus Cases Grow
- S&P 500 capped its best surge since the Great Depression
- U.S. surpasses China for most coronavirus infections globally
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American stock futures declined, cooling off after the first three-day rally since February, as the U.S. overtook China for the most coronavirus cases worldwide.
Contracts on the S&P 500 were down 2% as of 9:17 a.m. in London. The underlying gauge surged almost 18% over Tuesday-Thursday in its biggest rally since 1933, while the Dow Jones Industrial Average climbed 20% above its recent low, meeting the technical definition of a bull market.