U.S. Index Futures Fall After Trump Tests Positive for Covid-19
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U.S. equity index futures fell after President Donald Trump announced that he and First Lady Melania Trump had tested positive for Covid-19, sparking a pull-back in riskier assets and sending the VIX higher.
December contracts on the S&P 500 Index were trading 1.2% lower as of 9:15 a.m. in London after falling as much as 2% earlier. Futures on the Dow Jones Industrial Average were down 1.2% and those on the Nasdaq 100 Index down 1.8%. The VIX Index rose to 29, but remained below peaks seen last week. The Stoxx Europe 600 fell as much as 1.2% shortly after the open, before bouncing off lows, still down 0.4%.