News Formal

US: Stocks drop as coronavirus hits tourism shares

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Read more at The Business Times.

Wall Street stocks tumbled Friday as news of additional coronavirus cases offset some positive earnings reports to finish the week on a negative note.[NEW YORK] Wall Street stocks tumbled Friday as news of additional coronavirus cases offset some positive earnings reports to finish the week on a negative note.

China expanded a massive quarantine effort on Friday, while the United States confirmed its second case of the Sars-like ailment. French officials said there had also been two cases found in France, the first in Europe. Adam Sarhan of 50 Park Investments said the virus still appeared to be contained but"if we start getting more cases showing up around the world, that would be a bad sign for global economic growth".

Mr Sarhan said Friday's losses also reflected profit taking following a run of Wall Street records in recent weeks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US stocks drop on worries China virus will crimp growthNEW YORK (AFP) - Wall Street stocks dropped early Thursday (Jan 23) on worries that the coronavirus will crimp growth in China as major companies reported mixed earnings.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Asian stocks revisit declines amid Wuhan virus concernSYDNEY (BLOOMBERG) - Asian stocks resumed declines and US equity futures edged lower on Thursday (Jan 23) amid ongoing efforts to control the widening coronavirus outbreak. The yen strengthened and Treasuries ticked up.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Stocks to watch: CCT, CMT, Frasers Property, ESR-Reit, Cache LogisticsRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore stocks: STI resumes Thursday afternoon down 0.37% on daySingapore stocks: STI resumes Thursday afternoon down 0.37% on day
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks open lower on virus fearsRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »