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Stock market news live updates: Stock futures drop, officials discuss reopening economy – Yahoo Finance

Stock futures fell Monday morning at the end a holiday weekend in the U.S. and ahead of the start of earnings season, declining after last week’s rally sent the S&P 500 to its best weekly gain since 1974.

Johns Hopkins data. U.S. cases were up 5.4% to top 542,000 Sunday afternoon, slowing from a rise of 5.6% Saturday and 7.9% on Friday.’ data-reactid=”18″>Over the weekend, coronavirus cases in the U.S. showed some broadening signs of stabilization, with the growth-rate in domestic cases falling for a second straight day on Sunday, according to a Bloomberg analysis of Johns Hopkins data. U.S. cases were up 5.4% to top 542,000 Sunday afternoon, slowing from a rise of 5.6% Saturday and 7.9% on Friday.

the World Health Organization said in an update.’ data-reactid=”20″>Institutions around the world have been working at a breakneck pace to try and develop a vaccine for the novel coronavirus. Seventy vaccines are currently in development and three have already begun testing in human trials, the World Health Organization said in an update.

With early signs of a leveling off of new cases, officials have addressed the notion of alleviating the social distancing measures put in place over the past several weeks across the country.

said on CBS Sunday that “we should all be focusing on an 18-month strategy for our health care system and our economy.” Looking at other countries coping with the outbreak, he noted that relaxing economic controls tended to lead to another flare-up in the coronavirus, necessitating renewed social distancing measures.’ data-reactid=”23″>But even when social distancing begins to let up, it likely won’t spell the end of coronavirus-containment policies, with months more of these measures likely to occur in fits and starts, according to one Federal Reserve official. Neel Kashkari, Federal Reserve Bank of Minneapolis President, said on CBS Sunday that “we should all be focusing on an 18-month strategy for our health care system and our economy.” Looking at other countries coping with the outbreak, he noted that relaxing economic controls tended to lead to another flare-up in the coronavirus, necessitating renewed social distancing measures.

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