Stocks decline as coronavirus keeps traders on edge
Stocks fell broadly Friday, the final day of the month, as traders tried to assess the potential economic impact of China’s fast-spreading coronavirus while weighing earnings from Caterpillar and Amazon.
The Dow was down more than 500 points, while the S&P 500 slumped 1.5% and the Nasdaq dropped 1.2%.
China’s National Health Commission confirmed on Friday that there have been 9,692 confirmed cases of the coronavirus, with 213 deaths.
The World Health Organization recognized the deadly pneumonia-like virus as a global health emergency on Thursday, citing concern that the outbreak continues to spread to other countries with weaker health systems. WHO’s designation was made to help the United Nations health agency mobilize financial and political support to contain the outbreak.
https://www.msn.com/en-us/money/markets/stocks-decline-as-coronavirus-keeps-traders-on-edge/ar-BBZvnIY?li=BBnbfcN
