China said it confirmed 15,152 new cases and 254 additional deaths. That brings the country's total death toll to 1,367 as the number of people infected jumped to nearly 60,000, according to the Chinese government.
Stocks initially sold off on the news, but later recovered most of those losses. Some equity investors are betting the worst is over as it relates to the coronavirus. However, they may be in for a surprise if the situation worsens, further hurting the global economy.
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's what happened to the stock market on WednesdayStocks rose as investors shrugged off persistent worries about the coronavirus and whether it will hurt the global economy. Save some time and write QE...everyday
Source: CNBC - 🏆 12. / 72 Read more »
5 things to know before the stock market opens ThursdayU.S. stock futures were pointing to declines at Thursday's open, with Wall Street set to give back a large chunk of the prior session's strong gains.
Source: CNBC - 🏆 12. / 72 Read more »
As market teeters on exhaustion, here’s why value stocks are still stuck in the mudThe other curious part of the market is the continued terrible performance of value stocks. Here’s one explanation.
Source: MarketWatch - 🏆 3. / 97 Read more »
Sprint Stock Soars 77% On T-Mobile Merger, Here’s Why One Expert Thinks It Could Keep SurgingSprint gained $15 billion in market value after its stock jumped on the merger news. So does this mean my plan will get more expensive? I love Sprint
Source: Forbes - 🏆 394. / 53 Read more »
Sprint Stock Soars 77% On T-Mobile Merger, Here’s Why One Expert Thinks It Could Keep SurgingSprint's stock increased 77% on the T-Mobile merger, here’s why 1 expert thinks it could keep surging: by skleb1234 skleb1234 T-Mobile is better
Source: Forbes - 🏆 394. / 53 Read more »