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US coronavirus deaths hit 100,000; Lockdowns eased: Live updates Al Jazeera EnglishView Full Coverage on Google News
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 (Bloomberg) -- Nasdaq 100 Index futures fell on a report Donald Trump is preparing to sign an executive order that could threaten to penalize Facebook Inc., Google and Twitter Inc. for the way they moderate content on their sites.Contracts for June delivery on the Nasdaq 100 fell as much as 0.8%, before paring losses to 0.4% as of 9:32 a.m. in London. Trump's upcoming executive order aims for federal regulators to review a law that spares tech companies from liability for comments and content posted by users, the Washington Post reported. Investor sentiment was also damped by deteriorating U.S.-China ties."U.S. tech stocks are dropping on profit taking and risk aversion, as they are at the forefront of the U.S.-China cold war," said Nader Naeimi, the head of dynamic markets at AMP Capital Investors Ltd. in Sydney. In addition, there is news that "Trump is preparing to sign an executive order that could threaten to penalize Facebook, Google and Twitter."Trump is poised to take action Thursday that could bring a flurry of lawsuits down on Twitter, Facebook and other technology giants by having the government narrow liability protections that they enjoy for third parties' posts, according to a draft of an executive order obtained by Bloomberg.While Nasdaq 100 futures declined, contracts on other indexes were mixed. Futures on the S&P 500 were little changed and those on Dow Jones Industrial Average advanced 0.4%. The underlying S&P 500 climbed to the highest since early March on Wednesday, holding above 3,
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 * Rigorous testing helped country contain initial outbreak
(Updates with new numbers, KCDC and Coupang comment, city
announcement in paragraphs 2-4, 8 and 11)
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 (Bloomberg Opinion) -- Don't fight the U.S. Federal Reserve — repeat that mantra until it sticks.Jamie Dimon, the boss of JPMorgan Chase & Co., put it well this week. "This wasn't the bazooka," he said, referring to Jay Powell's response to the coronavirus crisis. "The Fed took out the whole military and applied it. Just announcing these programs reduced spreads (the difference between corporate bond yields and their benchmarks) in the market. It's going to save a lot of small businesses." In the past month, the equity market's glass has gone from pretty much empty to at least half full and that's down to the coordinated fiscal and monetary effort from authorities far and wide. You want some quantitative easing? Please, have some more and take some for the journey home. Even those foot draggers at the European Union are talking about radical fiscal action. We won't really see a V-shaped economic recovery, but it seems seem like we've stopped the L.Nonetheless, this is a recovery based so far on asset-price inflation rather than any economic data. Central bank and government action may have restored financial valuations but real incomes will still suffer dramatically for a long while to come. Unemployment and diminished consumption cannot be magicked away.The stock market is looking even further into the distance than usual to justify its valuations, which is sometimes hard to square away against a constant stream of dire economic statistics and evaporating company earnings. Since QE came to life during the global financial crisis,
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 Oil prices plunged on Thursday after U.S. industry data showed a surprise steep build in crude oil inventories, dampening hopes of a smooth recovery in demand as some countries begin to ease their way out of coronavirus lockdowns.
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 U.S. stocks will end this year around current levels as the coronavirus pandemic cripples the economy and eats into earnings, according to strategists polled by Reuters. The market has been on a tear in recent weeks, and stocks are up sharply from the March low of their coronavirus-fueled tumble, but the benchmark S&P 500 stock index is still down since the start of the year. The S&P 500 will end 2020 at 2,950, according to the median forecast of nearly 50 market strategists and fund managers polled by Reuters in the past two weeks.
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 Oil prices slid for a second consecutive session on Thursday as U.S. industry data showed a steep and surprising build-up in crude stockpiles, dampening hopes of a smooth demand recovery as the world begins to ease its way out of coronavirus lockdowns. The decline extended losses from Wednesday on uncertainty about Russia's commitment to deep oil production cuts in the lead-up to a June 9 meeting of the Organization of the Petroleum Exporting Countries and its allies, dubbed OPEC . U.S. West Texas Intermediate (WTI) crude futures were down 4.4%, or $1.44 at $31.37 a barrel at 0402 GMT after slipping as much as 5% to a low of $31.14 earlier in the session.
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 U.S. stock index futures gained late Wednesday, after benchmark indexes surged forward in regular trading. As of 9:30 p.m. Eastern, Dow Jones Industrial Average futures were up about 150 points, or 0.6%, while S&P 500 futures and Nasdaq-100 futures showed more modest gains. Stocks jumped Wednesday despite rising tensions between the U.S. and China, as the U.S. and European countries continued to gradually reopen from pandemic-related shutdowns. The Dow advanced 553.16 points, or 2.2%, to close at 25,548.27, while the S&P 500 rose 44.36 points, or 1.5%, ending at 3,036.13. The Nasdaq Composite gained 72.14 points, or 0.8%, to close at 9,412.36, staging its biggest intraday percentage comeback since Feb. 28, according to Dow Jones Market Data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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FCC commissioner bashes Twitter over fact-check of Trump: 'This is opinion journalism' Fox NewsTrump to sign executive order on social media amid Twitter furor POLITICOTrump threatens to crack down on social media platforms after Twitter labels his tweets CNNWhat Would Happen if Twitter Banned Trump? The New York TimesDon't be mad at Twitter, President Trump
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Walt Disney World in Florida
on Wednesday announced plans to reopen and MGM Resorts said
guests could soon return to Las Vegas casino hotels, as more
Americans emerging from the coronavirus lockdown marked a somber
milestone of 100,000 dead.
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