These 18 stocks got whacked by the coronavirus outbreak

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Major American indices may have recovered, but last week's market selloff was not without its victims.

US equities have rebounded this week after selling off on coronavirus concerns last week.Here are the 18 large-cap stocks that got caught in the coronavirus cross-fires.US equities set new record highs this week, shrugging of coronavirus fears that gripped them last week. Coronavirus, the fast-spreading illness thought to have originated in Wuhan, China, has killed over 560 and infected over 28,000.

The impact the virus could have on Chinese and global growth preoccupied markets last week, but after a mix of positive domestic data and rumors of a coronavirus treatment, sentiment reversed this week. The S&P 500 closed at a record high Wednesday, and the Dow Jones Industrial Average hit a record intraday high Thursday. But even though markets are moving on, last week’s coronavirus selloff was not without its victims.

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:

 /  🏆 729. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines