On the last day of an unforgettable quarter, better-than-expected factory data from China is not doing much to help the early part of the U.S. session as coronavirus worries continue to haunt investors.
“The Battleground portfolio held up on the way down, but has lagged on the way up,” which means catch-up time for that group of more defensive names that focus on health care and technology. Included in that bunch are Apple AAPL, +1.46% and Walmart WMT, +0.40%. Here’s that list: The market The Dow DJIA, +0.33% , S&P SPX, +0.13% and Nasdaq COMP, +0.51% are headed lower, with European stocks SXXP, +1.64% a little choppy. It was a mostly positive session for Asia, barring a drop for Japan stocks. Oil CL00, +1.59% is also seeing a hefty bounce after hitting 2002 lows on Monday.
New York City saw a coronavirus death every 2.9 minutes on Monday. Italy’s crippling coronavirus outbreak could get worse amid unrest in the underdeveloped southern half of the country. And in Spain the curve has just gone up again, with another record number of deaths.
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Source: latimes - 🏆 11. / 82 Read more »