US futures and global markets rattled after Trump tests positive for coronavirus

Stocks are slipping Friday, as Wall Street’s first reaction to President Donald Trump’s testing positive for the coronavirus was to retrench, but hopes for coming aid for the economy from Congress are helping to limit the losses.

The S&P 500 was down 0.5 percent in afternoon trading, paring its earlier losses. It fell as much as 1.7 percent shortly after trading began. But the moves weren’t close to as chaotic as earlier this year, when markets were first selling off on coronavirus fears.

The Dow Jones Industrial Average was down 112 points, or 0.4 percent, at 27,707, as of 12:48 p.m. Eastern time, after earlier being down 433 points. The Nasdaq composite was 1.1 percent lower.

Source : Agencies