Stock futures were flat as the market attempted to rebound the worst two-day slide for the S&P 500 in four years.
Futures for the Dow Jones Industrials gained 21 points, or 0.1%, early Wednesday to 28,138.
Futures for the S&P 500 picked up 4.5 points, or 0.1%, at 3,137.
Futures for the NASDAQ Composite increased 10.25 points, on 0.1%, to 8,864.50.
JP Morgan shares were higher slightly in pre-market trading Wednesday as yields bounced.
Apple through Tuesday was down 12% from its recent high. Apple shares were higher by 0.4% in pre-market trading Wednesday.
The news overnight was not positive in terms of containing the spread of the coronavirus. South Korea reported 169 new cases, bring, bringing the country’s total to 1,146 infected. In Italy, infections now total 325 and cases are now being seen beyond the original epicenter in the north. China reported 406 new confirmed cases, and an additional 52 deaths.
The selloff accelerated after U.S. health officials warned that the coronavirus is “likely” to continue to spread throughout the U.S. and outlined what schools and businesses should do if the disease becomes an epidemic.
Overseas, in Japan, the Nikkei 225 dropped 0.8%, Wednesday while in Hong Kong, the Hang Seng Index fell 0.7%,
Oil prices were down 74 cents to $49.16 U.S. a barrel.
Gold prices dropped $3.20 to $1,646.80 U.S. an ounce.
