Wall Street: Futures tumble on growth worries, Chinese tech rout

Topics Wall Street | US stocks


US stock index futures fell more than 1 per cent on Thursday as the growing spread of the Covid-19 Delta variant cast doubts over an economic recovery, while a rout in Chinese technology stocks appeared to have spilled over. Atlanta Federal Reserve President Raphael Bostic warned that a spike in the highly infectious variant could hamper a US economic recovery.

Minutes of the Federal Reserve's June meeting also showed that officials felt that an economic recovery still had a long way to go. US-listed Chinese stocks tumbled.

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