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U.S. stocks rise after 4-day coronavirus slide

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U.S. equities gained for the first time in five days as investors digested fresh evidence of the widening coronavirus outbreak. The dollar advanced.

All three main American equity gauges were positive in the wake of more than 6% slide in the benchmark S&P 500 over the past two days. Ten-year Treasury yields climbed from the record-low close set Tuesday. European shares erased losses at the positive start of U.S. trading, while Asian equities closed lower.

President Trump and federal health officials plan to brief the U.S. public Wednesday on efforts to prevent the spread of the coronavirus. Diageo Plc and Danone SA warned the outbreak will hit sales in China. The first cases in Greece and in South America emerged, while Spain locked down a seaside resort hotel with about 1,000 guests and workers inside.Risk assets are struggling to rebound as coronavirus cases steadily climb outside the epicenter in China.

 

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