By Medha Singh and Shivani Kumaresan
(Reuters) – Futures tracking the S&P 500 and Dow fell on Thursday as U.S. coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while some heavyweight technology stocks headed higher for the second straight day.
New York became the latest state to introduce social distancing restrictions on Wednesday, as new coronavirus cases in the United States surged above 100,000 for an eighth consecutive day.
Futures for the blue-chip Dow slipped 0.8% as industrial and financial companies sensitive to economic growth fell, with Boeing Co and JPMorgan Chase & Co down about 2% each.
American Airlines Group Inc, United Airlines Holdings Inc and Royal Caribbean Cruises Ltd, among the hardest hit by the outbreak, fell between 1.7% and 4.2%.
“With several of the early November catalysts out of the way, the market does appear to be expressing concern with