Stock market live updates: Dow futures up 100, coronavirus cases jump, Disney falls

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After this week’s historic market sell-off, these are the 2 things Leon Cooperman says he’s watching: “One is the coronavirus, does it get under control in a reasonable timeframe? And second that we don’t have a Socialist or Communist in the White House.”

This is a live blog. Please check back for updates.In the last two sessions the Dow has shed 6.59% — its worst two-day performance since Feb. 2018 — but history shows thathat negative sentiment has become too extreme, too quickly. Looking at performance over the last 30 years, data analytics tool Kensho found that following a drop of more than 6% over two consecutive sessions, 75% of the time the index rallied over the next two weeks, and 88% of the time it rallied over the following month.

are flat in premarket trading after the tech giant dipped into correction territory on Tuesday. Shares have slid 10.98% in the last week as the rising number of coronavirus cases outside of China has spooked investors. In the last four trading sessions Apple has erased $140 billion in market value. Earlier in February the company said it does not expect to meet its prior revenue guidance due to the impact from the coronavirus.

 

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