Stock futures fell in pre-market trading as traders considered details of President-elect Joe Biden’s newly unveiled stimulus proposal and weighed the likelihood of the package getting advanced quickly through Congress. COVID-19 concerns also flared anew as stay-in-place restrictions tightened across parts of Europe, and new data showed U.S. retail sales unexpectedly fell for a third straight month in December.
Contracts on all three major indexes traded lower Friday morning, extending declines from a day earlier. Both the Dow and Nasdaq hit record intraday highs Thursday before closing lower.
Late Thursday, Biden outlined his $1.9 trillion coronavirus relief proposal, which