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US: Stocks fall as virus fears hit travel shares

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Read more at The Business Times.

Wall Street stocks retreated from records on Tuesday, with tourism stocks falling due to worries about a new virus from China, and Boeing shares hammered by the latest 737 MAX delay.[NEW YORK] Wall Street stocks retreated from records on Tuesday, with tourism stocks falling due to worries about a new virus from China, and Boeing shares hammered by the latest 737 MAX delay.

Asian countries on Tuesday ramped up measures to block the spread of the new virus as the death toll in China rose to six, while US authorities confirmed the first case on American soil. Boeing was the biggest loser in the Dow, dropping 3.4 per cent after it announced it now does not expect the 737 MAX to return to the skies until mid-2020, later than some analysts expected. The news halted trading in Boeing shares for a time, but it ended off the low point.sentifi.comThe broad-based S&P 500 shed 0.3 per cent to finish at 3,320.79, while the tech-rich Nasdaq Composite Index lost 0.2 per cent at 9,370.81.

 

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