Dow futures struggle for altitude Sunday evening as COVID hospitalizations on Saturday mark fresh record

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U.S. stock-index futures traded mixed Sunday evening as investors geared up for a holiday-shortened week, with hospitalizations due to COVID-19 on the rise. On Saturday, there were 83,227 people hospitalized with the disease derived from the novel strain of coronavirus, according to the Covid Tracking Project. Saturday’s record marks a series of records for hospitalizations since Nov. 10. Futures for the Dow Jones Industrial Average were off 15 points, or less than 0.1%, at 29,197; those for the S&P 500 index fell less than 0.1% at 3,553, while Nasdaq-100 futures were up 0.2% at 11.927.50. On Friday, the Dow booked a 0.7% loss, the S&P 500 ended the week with a 0.8% declined, while the Nasdaq Composite Index finished the week 0.2% higher. The small-capitalization Russell 2000 index gained 2.4% over the period, outstripping its large-cap rivals over the stretch. In the coming week, U.S. markets will be closed on Thursday for the Thanksgiving holiday, with volume likely to be low in the following session.

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