Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.U.S. stock futures are trading cautiously after paring gains overnight, as efforts to contain the coronavirus remain a priority across the globe and as President Trump announced that social distancing guidelines will remain in place until April 30 at least.At 5:30 a.m. ET, the Dow Jones Industrial Average is trading 0.2 percent higher.The move follows a volatile but positive week for the three major averages, which saw the Dow gain over 12.8 percent and exit its bear market on Thursday. The S&P 500 rose 10.26 percent while the Nasdaq gained more than 9 percent.In European markets, London’s FTSE fell 1.5 percent, Germany’s DAX declined 0.3 percent and France’s CAC dropped 1.5 percent.In Asian markets on Monday, Japan’s Nikkei traded down 1.6 percent, Hong Kong’s Hang Seng was down 1.3 percent and China’s Shanghai Composite fell 0.9 percent.TickerSecurityLastChangeChange %UPSUNITED PARCEL SERVICE INC.97.52-2.26-2.27%FDXFEDEX CORPORATION120.58-5.02-4.00%Trump, during his Sunday coronavirus task force briefing, thanked a number of corporations for aiding in the fight, including UPS and FedEx.CLICK HERE TO READ MORE ON FOX BUSINESS”We appreciate everything you’ve done,” said Trump of the delivery giants. He also noted some insurers including Humana and Cigna will begin to wave co-pays and deductibles.HUMANA, CIGNA TO COVER ALL COVID-19 TREATMENT COSTSTickerSecurityLastChangeChange %HUMHUMANA297.07-7.41-2.43%CICIGNA CORPORATION161.29-8.25-4.87%Speaking to “Fox News Sunday,” Mnuchin said relief to small businesses would be available this coming week.”The SBA is working very closely with the Treasury, we expect to have a program up on Friday that will be up and running that will cover half of the private workforce,” he said. “I encourage all small businesses to take out these loans because if you go and hire back your workers for eight weeks you will have a forgivable loan and the government will pay for that. Again, it is very important for us that workers are protected” he noted.GET FOX BUSINESS ON THE GO BY CLICKING HERE
Read More
Fox News
Fox News
Stock futures trade lower as coronavirus social distancing guidelines extended to April 30
March 30, 2020 by
