Stock Market Rebounds From Earlier Selloff, Even As Coronavirus Fears Continue

U.S. stocks bounced back on Tuesday, following their worst losses in months yesterday, as Wall Street investors continue to wrestle with lingering fears over the spreading coronavirus and its impact on the global economy.

All three major indexes indicated a rebound on Tuesday morning: The S&P 500 was up 0.9%, the Dow Jones industrial average 0.6% and the Nasdaq Composite 1.1%. since October 2019, while the Nasdaq had its biggest decline since August 2019. Investors appear to be refocusing attention on major earnings reports due this week, a key indicator of whether economic growth can continue, even as the virusCompanies like LVMH and Apple, which both have substantial exposure to China and report earnings later today, “should provide some insight into the state of demand in Asia and the fallout from the coronavirus,” says Adam Crisafulli, founder of Vital Knowledge, in a note.

Wall Street will also be closely watching the Federal Reserve meeting on Tuesday and Wednesday this week, but it still looks like a “ ” of the U.S. economic outlook would be required in order to change the current interest rate level of 1.5% to 1.75%.As of Tuesday morning, the deadly coronavirus that originated in Wuhan, China, has now killed 106 people and infected more than 4,500,

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Stock market live updates: Dow futures up 140, airlines rebound, Cramer's takeLive updates of what's moving the market now and what's being talked about on Wall Street, including the latest on coronavirus and the yield curve. The Nazi Coronavirus is an insider trading hoax...
Source: CNBC - 🏆 12. / 72 Read more »

5 things to know before the stock market opens TuesdayU.S. stock futures were higher Tuesday, but indicating only a partial rebound from Monday's more than 450-point drop in the Dow.
Source: CNBC - 🏆 12. / 72 Read more »

Services in spotlight after Apple stock market value hits $1.4 trillionServices in spotlight after Apple stock market value hits $1.4 trillion by randewich randewich Indeed randewich
Source: Reuters - 🏆 2. / 97 Read more »

Stock market live updates: Dow futures up 140, Apple record, coronavirus names bounceLive updates of what's moving the market and what's being talked about on Wall Street, including Apple's strong earnings and coronavirus names rebounding.
Source: CNBC - 🏆 12. / 72 Read more »

Iowa vote Monday could be a wake-up call for stock market if leading candidate Bernie Sanders winsIf Vermont Sen. Bernie Sanders wins in Iowa on Monday, markets could see a new wave of volatility. This is exactly what a communist headline would read like if the commies were forced to write about the stock market. Bad news for retirees? Or those getting ready to retire? I would wager there will be zero impact
Source: CNBC - 🏆 12. / 72 Read more »