Dow futures dropped Friday after President Donald Trump and first lady Melania Trump tested positive for coronavirus.

Futures tied to the Dow Jones Industrial Average lost 340 points, or 1.2%. The move indicated an opening loss of about 300 points. S&P 500 futures fell 1.3%. Nasdaq 100 futures declined 2.1%.

The president’s diagnosis added more uncertainty to the election, an event that was already weighing on the market and keeping traders on edge as they attempted to evaluate the possible outcomes. Shares of stocks tied to the economy reopening fell in premarket trading as the news highlighted the risk of a second wave of the coronavirus and raised fears that maybe lawmakers would slow the pace at which they relaxed coronavirus measures.


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