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Stock futures fell in pre-market trading Friday following a mixed session in which coronavirus concerns pushed investors further into tech shares.
Futures for Dow Jones Industrials dwindled 158 points, or 0.6%, early Friday, to 25,413.
Futures for the S&P 500 slumped 17.5 points, or 0.6%, at 3,123.50.
Futures for the NASDAQ backpedaled 43.5 points, or 0.4%, to 10,684.
The Dow will limp into Friday’s session with a 0.5% loss for the week. The S&P 500 pared some of its weekly gains, but is still up 0.7% in that time period. The NASDAQ, meanwhile, was on pace for its third weekly gain in four weeks.
This divergence between tech and the rest of the market came as coronavirus-related hospitalizations hit a record in Florida. In California, the state’s daily average increase of coronavirus cases rose to a record, as well.
The virus resurgence raised questions about the health of the economy moving forward, pressuring companies that would benefit from an economic recovery. Airlines such as United, Delta and American all closed lower on Thursday. Cruise operators Carnival and Norwegian Cruise Line also fell.
Overseas, in Tokyo, the Nikkei 225 fell 1.1% Friday, while in Hong Kong, the Hang Seng index tanked 1.8%.
Oil prices sank 60 cents to $39.02 U.S. a barrel.
Gold prices improved $7.80 to $1,811.60.
