on Wednesday—its worst day ever—amid reports that the coronavirus would impact production and deliveries at its factory in Shanghai, China. Even with Wednesday’s record plunge, Tesla stock is still up more than 70% in 2020.
Adding to the good news for the market on Wednesday was a report from ADP and Moody’s Analytics, which said that U.S. private payrolls rose by 291,000 in January—almost twice the expected number and theAll three major indexes have now posted gains for the third day in a row, marking a recovery from a
last Friday when the Dow shed 600 points and posted its worst single-day drop since August 2019, while the S&P 500 saw its largest decline since October.The S&P 500 has now fully recovered from its coronavirus-related losses, turning positive for 2020 so far. The index is now up 1.2% for the year. The best-performing index so far is the Nasdaq, however, thanks to its 4.1% rise in 2020.
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