US: Stocks descend as coronavirus rattles traders

Among the major companies feeling the pain was Goldman Sachs, whose shares fell 1.9 per cent.

While traders were concerned over reports the virus was still spreading, Art Hogan of National Holdings said the market decline is"much more that we have not taken a pause for a bit. It's healthy." Recent regional business surveys show companies are more upbeat about their prospects, and the Philadelphia Federal Reserve Bank's manufacturing index released on Thursday jumped to a three-year high.

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