U.S. Daily Market Review 13.2.20

U.S. stock index futures dropped after the Chinese province at the centre of the coronavirus epidemic additional cases were witnessed.

S&P-500 Index futures contracts expiring in March dropped 0.9% as of 10:11 a.m. in London.

This comes after Hubei announced 14,840 new cases as it revised the method for counting infections.

Contracts on the Dow Jones Industrial Average slipped 0.9% and those of the Nasdaq 100 dropped 1.1%.

The yield on the benchmark 10-year Treasury lost 1.5763%, while the yield on the 30-year Treasury bond was also lower at around 2.0449%.

Kraft Heinz Co (KHC.O) results came below quarterly sales expectations lower full-year core earnings. Shares of the company tumbled by 7% at $27.93 on Thursday afternoon.

JPMorgan Chase & Co (JPM.N) has reported to financial companies that they will be barred from accessing its customer information by July 30 in case they do not come to an agreement with the bank.

Treasury Department data announced a shortfall at $389.2 billion in the first four months of fiscal 2020.

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