U.S. stock futures were pointing to a lower open Monday for the Dow. Despite Friday's nearly 1% decline, the Dow finished the week 3% higher.
Despite Friday's nearly 1% decline, the Dow finished the week 3% higher, fully recovering and adding 0.5% after an over 600 point plunge on the last day of January. The worsening coronavirus outbreak in China is still among investor concerns starting the new week. However, with U.S. cases holding steady at around a dozen, Wall Street has been able to largely weather the crisis in recent sessions. The focus will turn to interest rates and the U.S.
People wearing masks pass by portraits of Chinese President Xi Jinping and late Chinese chairman Mao Zedong as the country is hit by an outbreak of the novel coronavirus, on a street in Shanghai, China February 10, 2020.mostly in Hubei province, the center of the epidemic in China. As of Sunday night, the government there said a total of 40,171 cases have been confirmed and 908 people have died in the country. The coronavirus has killed two foreigners, a U.S. citizen and a Japanese national.
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