The Federal Reserve’s $3 trillion bid to stave off an economic crisis in the wake of the coronavirus outbreak is fuelling excesses across U.S. capital markets.

Asian stock markets followed Wall Street lower Friday on worries economic recoveries might fade as coronavirus cases increase in the United States and some other countries.

More than 1.3 million Americans filed for unemployment benefits last week, showing that many workers are still losing their jobs even as the labor market starts to recover from the coronavirus pandemic and related lockdown.

Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Wednesday evening just hours after the Nasdaq Composite clinched its 25th record close for 2020.

Shares were mixed in Asia on Wednesday as uncertainty over the pandemic sapped the buying enthusiasm that has been driving prices higher.

U.S. equity futures are trading lower ahead of the Tuesday session on Wall Street.