U.S. Stock Futures Drop as Coronavirus Infections Surge

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U.S. Stock Futures Drop as Coronavirus Infections Surge
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U.S. stock futures fell as pockets of coronavirus infections emerged in several states

U.S. stock futures fell Wednesday as pockets of coronavirus infections emerged in several states, adding to concerns about a second wave of cases around the world that could lead to renewed restrictions on business activity.

Futures tied to the S&P 500 dropped 1%, suggesting the benchmark index will open lower in New York. The stocks gauge has risen for six of the past eight trading days, boosted by indicators showing a rebound in economic activity after a steep downturn in the spring.

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