India, Feb. 21 -- The major U.S. index futures are currently pointing to a lower opening on Friday, as traders keep a close eye on the latest developments regarding the coronavirus outbreak.

The downward momentum on Wall Street comes as Chinese officials reported 1,109 new confirmed cases of the coronavirus, up sharply from 349 cases the previous day.

South Korean health authorities also reported 52 new cases of the fast-spreading disease, raising the national tally to 156, while the number of confirmed cases in Japan increased by 23 to 728.

Stocks have recently shown some volatility in reaction to the daily headlines regarding the number of newly confirmed coronavirus cases.

A number of companies have warned about the impact of the cor...