U.S. futures poised to cautious open as investors monitoring coronavirus
U.S. stock index futures were slightly lower on Monday morning as investors are assessing the impact of the coronavirus outbreak in China.
Around 5:30 a.m. ET, Dow futures indicated a fall of more than 60 points at the open, while futures on the S&P 500 were fractionally lower and the Nasdaq marginally higher.
As of Sunday night, China announced a total of 40,171 cases of coronavirus had been confirmed and the death of 908 people. 14 Americans have tested positive for the virus aboard a cruise ship quarantined in Japan.
Stocks had dropped on Friday to halt a four-day winning streak as fears over the economic impact of the virus quashed upward momentum from strong U.S. jobs data, which witnessed more 225,000 jobs in January against an expected print of 158,000.
No major economic data is due on Monday and a quieter day can also be forecasted on the corporate earnings front, with Allergan and Restaurant Brands set to report before the bell and no major reports expected after the end of trading.