Dow futures dropped
Stock futures fell in early morning trading on Thursday as investors evaluate the pace of economic recovery and the coronavirus developments. S&P 500 and the Nasdaq 100 futures also pointed to losses at the Thursday open for the two indexes. The moves in futures followed two straight days of losses for the 30-stock Dow and S&P 500 as investors ditched reopening trades for the megacap tech names.
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British economy contracted 2.2%, worse than expected
UK Prime Minister Boris Johnson set for a major speech on the economy soon but the overall situation looks worse than expected. The UK economy shrank more than first thought between January and March, contracting 2.2% in the joint largest fall since 1979, official figures show. The Office for National Statistics (ONS) revised down its previous estimate of a 2% contraction, with all the main economic sectors dropping
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