U.S. Stock Futures Rise After S&P 500’s Worst Drop in Two Weeks
- S&P 500 tumbled 4.4% in cash session as economy woes deepen
- Large sections of country likely to remain on lockdown
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U.S. stock futures rose after the S&P 500 had its biggest decline in two weeks, with investors assessing the pandemic’s impact on the slowing American economy.
Contracts on the S&P 500 gained 2.1% to 2,498.5 as of 9:31 a.m. in London. The underlying gauge sank 4.4% during the regular session. It plunged 20% in the first three months of the year, the most since 2008.