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Concerns About New Coronavirus Strains, Stimulus Uncertainty May Weigh On Wall Street

(RTTNews) - The major U.S. index futures are pointing to a significantly lower open on Wednesday, with stocks likely to add to the modest losses posted in the previous session.

Concerns about the impact of new, more contagious coronavirus strains may weigh on the markets along with uncertainty about the prospects for a new relief package under President Joe Biden.

Negative sentiment may also be generated in reaction to comments from Russian President Vladimir Putin, who warned of a collapse of global development that might result in a "fight of all against all."

Putin claimed during a virtual meeting of the World Economic Forum that the coronavirus pandemic has aggravated existing global tensions, comparing the current state of affairs to the situation preceding World War II.

"Of course, nowadays such a heated conflict is not possible. I hope that it's not possible in principle, because it would mean the end of our civilization," Putin said.
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