Stocks fall as fears about deadly virus grow; Dow drops 170 points

Healthcare companies led a broad slide in U.S. stocks Friday as increased fears over the spread of a deadly outbreak of coronavirus rattled markets.The sell-off followed news that a Chicago woman has become the second U.S. patient diagnosed with the new virus from China. Health authorities worldwide have been taking measures to try to contain and monitor the coronavirus outbreak.

Jitters over the potential economic fallout from the coronavirus outbreak intensified Friday as the tally of confirmed cases continued to climb, rising to more than 850. Twenty-six people have died, all in China. The U.S. Centers for Disease Control and Prevention said over 2,000 returning travelers had been screened at U.S. airports and 63 patients in 22 states were being tested.

Utilities notched a slight gain as investors shifted money into safe-play, high-dividend stocks and U.S. government bonds. The surge in bond-buying sent yields lower. The yield on the 10-year Treasury note fell to 1.69% from 1.74% late Thursday, a big move. Shares in two credit card issuers fell sharply after the companies released mixed quarterly snapshots. Discover Financial Services slumped 11.1% after it issued disappointing 2020 guidance. Synchrony Financial skidded 9.9% after its fourth-quarter revenue fell short of analysts’ forecasts.

remember that episode of star trek where the guy from this age was brought to the ship and was asking about his money? gene roddenberry already wrote the script.

So less than one percent? Really looks like the markets are panicked. Lemme know when it drops 10 percent in a day then we can talk. K tks!

Sounds like fear mongering to me

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Stocks dive as fears over coronavirus spreadThe Dow and the broader stock market ended deep in the red on Friday as fears over the spread of the Wuhan coronavirus tainted investor sentiment. 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? People are dying but me stocks are down. Sad boomer noises.
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Investor Bill Miller doubles returns in 2019, and says stocks will rise even further in 2020Bill Miller came back with a bang in 2019, riding the stock market's relentless rally to record highs. He also thinks there may be more gains in 2020. Roughly akin to what Bill Miller said in 2008.
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