Wall Street set for higher open as new coronavirus cases drop

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Wall Street set for higher open as new coronavirus cases drop
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Futures higher on drop in new coronavirus cases

- Wall Street was set to open near record highs on Wednesday after a drop in the number of new cases of coronavirus infections in China raised hopes that the economic fallout from the outbreak would be contained.

China on Wednesday reported its lowest number of new coronavirus cases since January, lending weight to a prediction by its top medical adviser for the outbreak to end by April, even as the death toll in the country rose to more than 1,100 people.

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