US stocks close with sharp declines, Dow down 0.8 per cent

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

NEW YORK (AFP) - Wall Street continued to tumble on Friday (Feb 21) amid renewed fears that the virus outbreak in China will have a real impact on companies that depend on goods from the Asian manufacturing hub.. Read more at straitstimes.com.

NEW YORK - Wall Street continued to tumble on Friday amid renewed fears that the virus outbreak in China will have a real impact on companies that depend on goods from the Asian manufacturing hub.

As more companies warned of expected hit to their bottom lines, the benchmark Dow Jones Industrial Average fell 0.8 per cent to close at 28,992.41. The broad-based S&P 500 lost 1.1 per cent to end at 3,337.75, and the tech-rich Nasdaq dropped 1.8 per cent to 9,576.59. More than 2,200 people have died from the disease in China, which has infected more than 75,000 people there and over 1,000 abroad, fueling concerns the epidemic will become a bigger problem in neighboring economies.

 

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

 /  🏆 8. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US labor market remains strong; manufacturing likely stabilizingThe number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »