Stock markets pick up after heavy Wall Street rout
By YURI KAGEYAMA AP Business Writer
Stock markets are picking up following Wall Street’s steep sell-off the day before on worries over a possible “second wave” of coronavirus cases. Benchmarks rose Friday in Europe. The FTSE 100 recovered after falling on news that the British economy contracted by more than 20% in April. That wiped out nearly two decades’ worth of growth. Asia shares mostly closed lower. U.S. markets were set for gains on the open with the Dow future contract up 2.2% and S&P 500 futures 1.9% higher. On Thursday, the Dow fell almost 7%.