Stocks started the day higher as it appeared markets were shrugging off the coronavirus news, but took a turn for the worse after a second case was confirmed on US soil in Illinois. The first case was confirmed on Tuesday in Washington state. Both patients had traveled to the central Chinese city of Wuhan, where the virus outbreak originated.Multiple cities in Wuhan's Hubei province are facing travel restrictions ahead of this weekend's Lunar New Year celebrations.
Investors are now beginning to worry about the outbreak's impact on the Chinese economy, which is widely considered the growth engine of the global economy.The Dow closed down 0.6%, or 170 points, logging its worst day since the start of the month. The index benefited from an afternoon turnaround of Boeing 's stock, which finished up 1.7%, after the Federal Aviation Administration said Boeing's struggling 737 Max jet could regain regulatory approval before the summer.
Silly
People are dying but me stocks are down. Sad boomer noises.
I have questions: Will a dust mask stop biological contamination? What about eyes as a pathway for contamination? Is it logical to assume more cases than reported?
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Source: WSJ - 🏆 98. / 63 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »