Futures tick higher after 4-day rout, COVID surge weighs
Stock futures were listless in Thursday’s after-hours trade, after market jitters culminated in a four-day losing streak, underscoring how investors are growing more cautious about the COVID-19 pandemic’s impact on the economy.
During Thursday’s regular session, Wall Street logged a 4th consecutive day of losses. Traders have been struggling to reconcile a seemingly hot jobs market with soaring coronavirus infections that have blunted the recovery’s momentum.
With COVID-19 deaths and hospitalizations soaring because of the more contagious Delta variant, President Joe Biden announced on Thursday a sweeping set of mandates designed to nudge hesitant citizens into getting vaccinated.
The Dow Jones Industrial Average and S&P 500 Index have now retreated four days, but the technology-laced Nasdaq has fared slightly better, having dropped 2 days in a row. Investors have been in a foul mood…