News Formal

Stocks slide in U.S., Europe as virus worries dominate again

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 99%

United States News News

United States United States Latest News,United States United States Headlines

The S&P 500 sank more than 2 per cent in early trading Thursday as the market swung back to fear about the effects of a fast-spreading virus in its latest yo-yo move.

Last Updated Thursday, March 5, 2020 11:25AM ESTNEW YORK -- And back down goes the U.S. stock market.

In China, where the number of new infections has been slowing drastically, Shanghai-traded stocks have rallied nearly 12% since hitting a bottom on Feb. 3. They're just 1.6% away from wiping out the last of the losses they've sustained since the new virus began to spread late last year. The S&P 500 was down 2.3%, as of 10:35 a.m. Eastern time. The Dow Jones Industrial Average fell 684 points, or 2.5%, to 26,406, and the Nasdaq was down 1.8%.

Travel-related companies continued to fall sharply on worries that frightened customers won't want to confine themselves in planes, boats or hotels with others. Royal Caribbean Cruises sank 12%, American Airlines Group lost 8.7% and MGM Resorts International fell 7.2%.

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:

 /  🏆 1. in US
 

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

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.

These stocks stand to gain from the coronavirus outbreakAlthough some companies’ shares have jumped on speculation, others may be able to realize sustainable boosts to their businesses and more long-running gains
Source: globeandmail - 🏆 5. / 92 Read more »

Stocks are tumbling again as investors worry Fed’s first emergency rate cut since 2008 is no cure for coronavirus slowdownStocks are tumbling again as investors worry Fed’s first emergency rate cut since 2008 no cure for coronavirus slowdown Our economy is very brittle. Call me crazy but I'm thinking the virus doesn't care about interest rates. Called it
Source: nationalpost - 🏆 10. / 80 Read more »

Stocks are tumbling again as investors worry Fed’s first emergency rate cut since 2008 is no cure for coronavirus slowdownStocks are tumbling again as investors worry Fed’s first emergency rate cut since 2008 no cure for coronavirus slowdown Our economy is very brittle. Call me crazy but I'm thinking the virus doesn't care about interest rates. Called it
Source: nationalpost - 🏆 10. / 80 Read more »