Stocks started the day higher as it appeared markets were shrugging off the coronavirus news, but took a turn for the worse after a second case was confirmed on US soil in Illinois. The first case was confirmed on Tuesday in Washington state. Both patients had traveled to the central Chinese city of Wuhan, where the virus outbreak originated.Multiple cities in Wuhan's Hubei province are facing travel restrictions ahead of this weekend's Lunar New Year celebrations.
Investors are now beginning to worry about the outbreak's impact on the Chinese economy, which is widely considered the growth engine of the global economy.The Dow closed down 0.6%, or 170 points, logging its worst day since the start of the month. The index benefited from an afternoon turnaround of Boeing 's stock, which finished up 1.7%, after the Federal Aviation Administration said Boeing's struggling 737 Max jet could regain regulatory approval before the summer.
Silly
People are dying but me stocks are down. Sad boomer noises.
I have questions: Will a dust mask stop biological contamination? What about eyes as a pathway for contamination? Is it logical to assume more cases than reported?
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks hold steady but virus anxiety lingers as millions travel for Lunar New Year breakShares hold ground as China virus fears persist; euro hits seven-week low after ECB Dollar strengthening an appropriate concern?
Source: Reuters - 🏆 2. / 97 Read more »
European stocks seen higher as WHO says no 'global emergency' yet for China virusEuropean stocks are expected to open higher on Friday after the World Health Organization (WHO) said the deadly Chinese coronavirus was not a 'global emergency' yet. Just know they hated to say that. am curious why are they putting 32 million in quarantine if only 800 sick? 800 is the size of a small high school. This doesn’t make any sense
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks set to dip as coronavirus death toll rises in ChinaInvestor sentiment has taken a hit this week as the mysterious coronavirus that has infected hundreds in China spreads. The World Health Organization postponed a decision Wednesday over whether to declare the disease a global health emergency.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves after hours: Texas Instruments, Raymond James, Sallie Mae and moreStocks making the biggest moves after hours: TI, Raymond James, Sallie Mae & more
Source: CNBC - 🏆 12. / 72 Read more »
Chinese Stocks Slide After Wuhan Lockdown BeginsChinese stocks logged their steepest declines in months after China barred travel from the city at the epicenter of a worsening viral outbreak, as investors grappled with the potential economic fallout of the disease. Prayers for divine intervention to heal and save them. Good! That filthy disgusting country and its gross meat markets need to end. I thought SARS was bad enough now this? I HATE China!
Source: WSJ - 🏆 98. / 63 Read more »
El-Erian warns 'wonderful world of liquidity' lifting stocks no matter what won't last forever'At some point we're going to have to pivot,' said the Allianz chief economic advisor. 'But investors right now are just happy focusing on the short-term.' Finally El-Erian takes his head out his butt. The bond market is an enormous bubble, and low rates are driving asset prices crazy. Rates are going to rise, and this is going to end badly. Liquidity for companies turning profits or even breaking even with an eye to a more positive future is important for the social safety net. Best regards. What’s crazy is that there is a band of idiots out there like AOC that are pushing “Modern Monetary Theory” that think it can last forever. Then Trump wants negative rates. We live in crazyland and are surrounded by fools on all sides. Political extremism is destroying us.
Source: CNBC - 🏆 12. / 72 Read more »