Merchants work on the ground on the New York Inventory Alternate, August 5, 2019.

Brendan McDermid | Reuters

This can be a stay weblog. Examine again for updates.

8:18 am: Tesla shares slide on $2 billion inventory providing

8:04 am: Dow futures drop 200 factors as reported coronavirus circumstances bounce

Stock futures are under pressure after the variety of reported coronavirus circumstances elevated, stoking as soon as once more fears of an financial slowdown stemming from the virus. Dow Jones Industrial Average futures have been down about 200 factors, indicating a lack of round 180 factors. S&P 500 and Nasdaq 100 losses additionally pointed to sharp losses. China mentioned it confirmed 15,152 new circumstances and 254 extra deaths. That brings the nation’s complete loss of life toll to 1,367 because the variety of individuals contaminated jumped to just about 60,000. To make certain, the bounce in circumstances could also be because of the approach Chinese language authorities are counting them. Well being authorities in Hubei province mentioned Thursday that they modified the best way they tabulate case totals — “clinically identified” circumstances now rely towards the “confirmed case” rely, ensuing within the sudden surge among the many latter. Tesla shares dropped 5% on —Imbert

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