The Dow Jones Industrial Average gave up a 900-point rally to end the day in the red on Tuesday.
U.S. stock futures were flat in overnight trading on Tuesday, continuing a volatile week for stocks gripped by the coronavirus shutdown.
Some investors believed equities were getting ahead of the reality where coronavirus shutdowns are likely to weigh on the economy significantly beyond the second quarter. The major averages have rallied about 20% from their March 23 lows. However, Monday's massive rally, where the Dow gained more than 1,600 points, showed investors are soothed by the first broad-based news that U.S. coronavirus cases appears to have fallen in recent days from their latest peak.
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