Live Stock Market Updates During the Coronavirus Outbreak

Live Stock Market Updates During the Coronavirus Outbreak

Live Stock Market Updates During the Coronavirus Outbreak

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Wall Street is set to open about 1 percent lower, according to futures markets.

ImageHigh school graduates and their relatives during a graduation ceremony in Berlin on Tuesday.Credit...Kay Nietfeld/DPA, via Associated PressEuropean markets stumble as infections rise in Germany and the U.S.

Major European markets were trading nearly 2 percent lower on Wednesday amid further signs that the coronavirus outbreak is proving difficult to stop. Futures markets suggested that Wall Street would open about 1 percent lower.

The drop followed a mixed day of trading in Asia, but sentiment deteriorated as investors digested the reports. Prices for U.S. Treasury bonds and for gold futures, both proxies for investor nervousness, were higher. Oil futures fell as well.

German officials this week reimposed local lockdowns after an outbreak at a slaughterhouse infected more than 1,500 people. In the United States, a surge in new cases in southern states like Florida, Texas and Arizona have prompted new warnings about the dangers of the pandemic.

Dr. Anthony S. Fauci, the U.S. government's top infectious disease expert, told American lawmakers on Tuesday that he was seeing a "disturbing surge“ in some places. He urged the government to stock up on masks