- U.S. stock index futures are little changed in early morning action following a late-day surge yesterday that helped major averages recover some of the steep losses seen mid-week.
- The Fed's stress tests found all major banks remain well-capitalized, though dividends were capped and buybacks were banned through September, while Nike revealed some disappointing quarterly numbers.
- A fresh record of more than 37,000 new coronavirus cases was reported across the U.S. on Thursday, prompting Texas Governor Greg Abbott to pause further phases of the state's reopening.
- "We're stuck in a bit of a range," said Shane Oliver, chief economist at AMP Capital. "There's a degree of optimism that any second wave will be offset by stimulus... but if we have to go back to a renewed lockdown then it's a different story, and markets face a lot more downside risk."