Stock market live updates: Dow futures up 100, Powell testimony ahead, Under Armour drops

Stock market live updates: Dow futures up 100, Powell testimony ahead, Under Armour drops

As of Monday night, the Chinese government said there were 2,478 new confirmed cases of coronavirus and 108 additional deaths, bringing the total numbers to 42,638 cases and 1,016 deaths in the country . ". If anything, futures have come off slightly with Dow futures up only 90 points after being up more than 100 points before the testimony was released.. Powell, in his semiannual testimony before Congress , will say that the U.S. economy appears "resilient," that the Fed is closely monitoring the coronavirus, and that the "current stance of monetary policy will likely remain appropriate," according to remarks.. Shares of Under Armour slid 13% during Tuesday's premarket trading after the company said its 2020 revenue would be hurt by the coronavirus outbreak .. 8:09 am: Powell to talk economy, policy before House panel. Powell then will take questions from committee members.. Dow Jones Industrial Average indicated a gain of more than 100 points, while S&P 500 and Nasdaq 100 futures were also up solidly..