US stock futures mostly flat ahead of Trump address on coronavirus - CNN

Dow (INDU) futures were down 4 points, or 0.02%, while S&P 500 (SPX) futures were up 0.01% and Nasdaq (COMP) futures were up around 0.11%.

Wednesday had been a volatile day in a roller coaster week for the markets driven by the novel coronavirus outbreak and plummeting oil prices.

Both the S&P 500 and the Dow slipped into bear market territory — defined as a drop of more than 20% from the most recent high. But only the Dow closed the day in a bear market.

Two other key market indexes, the Dow Jones Transportation Average (DJT) and the small-cap focused Russell 2000 (RUT), are already in a bear market.

The novel coronavirus has taken a massive toll on global markets and economies.

The number of global coronavirus cases has surpassed 115,000, and more than 4,000 people have died. The World Health Organization on Wednesday officially declared coronavirus a pandemic.

Investors are waiting for an address from President Donald Trump later in the evening to talk about the US response to the ongoing coronavirus outbreak.

Stocks were briefly buoyed on Tuesday after Trump spoke Monday night about potential economic remedies for coronavirus. But those gains were all lost in the sell-off Wednesday.

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US stock futures mostly flat ahead of Trump address on coronavirus - CNN
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