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- Shares of airlines, hotels and cruise operators lead declines in premarket trading, tracking their European peers as the UK signalled the possibility of a second national lockdown
- Another round of business restrictions would also threaten a nascent recovery in the wider economy.
U.S. stock index futures fell on Monday as surging COVID-19 cases raised fears of more lockdowns, while media reports saying several global banks moved sums of allegedly illicit funds over nearly two decades hit U.S. banking stocks.
Shares of airlines, hotels and cruise operators led declines in premarket trading, tracking their European peers as the UK signalled the possibility of a second national lockdown.
Marriott International Inc, Hilton Worldwide Holdings Inc and Hyatt Hotels Corp dropped between 1.5% and 3.6%, while casino operators Wynn Resorts Ltd, MGM Resorts International and Las Vegas Sands Corp shed between 2.7% and 6.0%.
Another round of business restrictions would also threaten a nascent recovery in the wider economy, analysts said, and could spark a flight from equities. The first round of lockdowns in March had led the benchmark S&P 500 to suffer its worst monthly decline since the global financial crisis.
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