By Fred Imbert, CNBC–
U.S. stock index futures were slightly higher Friday morning, as investors closely monitor the potential economic fallout from China’s fast-spreading coronavirus.
Wall Street stocks slipped from record highs in the previous session, as market participants grappled with a jump in reported coronavirus cases.
China’s National Health Commission on Friday reported an additional 121 deaths nationwide, with 5,090 new confirmed cases of the coronavirus.
The flu-like virus was found to have killed a total of 1,380 people in mainland China as of Thursday evening after the health commission said it had removed 108 deaths from the total figure due to a double-count in Hubei province — the epicenter of the global coronavirus outbreak.
It is the second day in a row that the province’s data changes have caused significant changes to a nationwide figure, fueling doubts many have about their accuracy.
The White House does “not have high confidence in the information coming out of China,” a senior U.S. administration official told CNBC on Thursday .
On the data front, retail sales for January and import prices for January will both be released at 8:30 a.m. ET.
Industrial production figures for January, capacity utilization for January, a preliminary reading of consumer sentiment for February and business inventories for December will follow slightly later in the session.