US Stock futures fall on coronavirus fears ahead of jobless claims

U.S. stock futures fell further on Thursday following Wall Street’s worst day in two weeks, as risk appetite took a hit from an alarming rise in new coronavirus cases and on expectations of elevated weekly jobless claims.

Walt Disney Co slipped 1.4% in premarket trading after it delayed the reopening of theme parks due to the health crisis.

The resurgence in virus cases across the United States has revived fears of another lockdown to contain the pandemic and threatened to halt a Wall Street rally that was powered by a raft global stimulus since late March.

After coming within 5% of its record high in early June, the benchmark S&P 500 has lost nearly 6% in the past two weeks and analysts cautioned further declines amid worsening economic forecasts.

The International Monetary Fund on Wednesday warned of a nearly 5% plunge in the global economic output in 2020.