U.S. stock index futures were sharply lower on Tuesday as concerns over a new strain of pneumonia in China spooked risk investment worldwide.
The outbreak of a new coronavirus in China has killed four people with confirmed cases exceeding 200 ahead of the Lunar New Year holiday, during which hundreds of millions of people are expected to travel.
At around 1:30 a.m. ET, Dow futures dropped 91 points, indicating an implied negative open of more than 120 points. Futures on the S&P 500 and Nasdaq were also lower.has killed four people with confirmed cases exceeding 200 ahead of the Lunar New Year holiday, during which hundreds of millions of people are expected to travel. Late on Monday, Chinese authorities confirmed that the virus is contagious.
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