U.S. stock futures were lower in overnight trading and pointed to losses at the open on Wednesday, continuing a volatile week for stocks gripped by the coronavirus shutdown.
Dow futures dropped 236 points, implying a Wednesday opening decline of about 289 points. S&P 500 and Nasdaq futures also pointed to lower opens.
On Tuesday, the Dow Jones Industrial Average fell 26 points or 0.1%, giving up a 900-point surge earlier in the day. The S&P 500 also registered a slight decline, falling 0.2%, having been up more than 3%. The Nasdaq Composite closed the day down 0.3% following a 3% rally.
“As [Tuesday’s] stock market shows, volatility is likely to remain for some time,” said Jim Paulsen,…