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S&P and Dow futures retreat as coronavirus cases surge

Published by

December 5, 2024
(GMT+2)

Futures tied to the S&P 500 and Dow halted on Tuesday, a day after the indexes notched record closing highs, while Nasdaq 100 futures were boosted by a leap in Tsela on the prospect of the electric-car maker’s shares joining the S&P 500.Tesla Inc (TSLA) surged 12.4% premarket in anticipation of a $51 billion trade by index funds fixing their holdings when the company was added to the benchmark S&P 500 in December.The S&P 500 and the Dow logged all-time closing highs on Monday after Moderna Inc’s (MRNA) promising coronavirus vaccine data increased hopes of an economic recovery, overshadowing surging coronavirus cases across the country.

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