Here's what happened to the stock market on Friday

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Rising fears over the coronavirus' impact on the global economy left investors dumping stocks in search of safer assets.

The CDC confirmed earlier on Friday a second U.S. case of the deadly coronavirus. The news led to money flowing into traditional safe havens such as gold and Treasurys and away from risk assets such as stocks. The 10-year Treasury yield broke below 1.7%, a key level watched by traders. Gold futures climbed 0.

4%. Worries over the coronavirus were enough to offset strong earnings from American Express and Intel.Airline stocks United and American fell 3.51% and 4.03%, respectively, amid fears the coronavirus spread would hurt the travel industry. Boeing, meanwhile, closed 1.66% higher after staging a massive turnaround.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What

The market went down, so I invested even more into the good ol'e Vanguard_Group brokerage account💰📈

It went down

It went down

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:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines