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Stock market live updates: Dow down 190, JPMorgan sees 'sell signals,' hedge funds buy tech

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Stock market live updates: Declining NYSE stocks are double those rising.

10:17 am: Service sector PMI hits lowest level since 2013

The IHS Markit services purchasing manager's index dipped into contraction territory for February. The flash PMI reading came in at 49.4, a 76-month low and down from 53.4 in January.The flash PMI for manufacturing also declined to 50.6 from a final reading of 51.9 in January, but stayed above the key 50.0 level that separates contraction and expansion. Both readings were well below expectations, according to Dow Jones.Existing home sales declined in January 1.

The company posted a profit of $1.63 per share on revenue of $6.53 billion. Analysts polled by Refinitiv expected earnings of $1.25 per share on sales of $6.409 billion. CEO John May said fiscal first-quarter results showed "early signs of stabilization" in the U.S. farm sector. —Amid the lingering fears about the coronavirus, the

 

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Here's what happened to the stock market on WednesdayWorries over the coronavirus and its impact on the economy were assuaged slightly, lifting two of the three major indexes to record highs. People made money, the end
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