Stocks drop on news of second US coronavirus case

[Yo_Mama_Been_Loggin]

Stocks gave back gains from earlier in the day Friday after the second U.S. case of the deadly coronavirus was confirmed.

The Dow was down more than 250 points after jumping more than 100 points earlier in the day. The S&P 500 slid 1% after rising 0.2%, while the Nasdaq also fell 1%.

On Friday, the Centers for Disease Control and Prevention said a Chicago resident who traveled to Wuhan — the Chinese city where the coronavirus originated — in December was diagnosed with the sickness.

Shares of United Airlines and American both fell more than 3%. Las Vegas Sands and Wynn Resorts also dropped more than 2% each. Treasury yields fell, pushing back shares lower. The benchmark 10-year yield traded below 1.7%. JPMorgan Chase, Citigroup and Bank of America all traded more than 1% lower.

https://www.msn.com/en-us/money/markets/stocks-turn-lower-on-news-of-second-us-coronavirus-case/ar-BBZhvhy?ocid=hplocalnews

[cbdo2007]

1. That is quite a jump to assume the stocks dropping has anything to do with this.

And I've studied news related stock gains/drops for years.

[Iliyah]

2. ???

stock market only concern is the profits?

[ck4829]

3. Kick

[former9thward]

4. 6.5 billion shares were traded yesterday.

How does Anyone know what was in the minds of those wanting to sell and those wanting to buy? When you buy or sell stock you don't give a reason to anyone. You just click your mouse or equivalent. I always love how news people want to make a story about the reasons for the market going up or down. They have No idea.