Stocks closed sharply lower
on Friday as uncertainty
over how much the China-based coronavirus would affect earnings
and the economy weighed on sentiment
The stock market attempted
to advance earlier this morning, abruptly sold off just before noon
, but managed to partially recover
later in the session
. Earlier today, investors
seemed increasingly worried about the coronavirus
. In addition to concerns about general health issues, Wall Street
may be getting worried that business, and corporate profits, could soon be at risk from the disease
. It should be noted that a couple of days ago, Apple
announced that the situation has been disruptive, and it would be reasonable to assume that other companies may soon follow. At the close of trading today, the Dow Jones Industrial Average was down 128 points; the broader S&P 500 Index was off 13 points; and the NASDAQ was off 66 points.
The stock market started strongly
today, as fears ebbed about the coronavirus. Additionally, a few key economic indicators were positive
, including building permits, which reached near a 13-year high. Too, new starts were much higher than expected, while the Producer Price Index showed 0.5% rise in inflation during January. The Dow Jones Industrial Average climbed by as many as 176 points by the late afternoon. The other indices were up in tandem, showing better prices throughout the day.
The stock market started in the red today
, after the three day holiday weekend, on news that the coronavirus outbreak was worse than expected in China
. Meantime, Apple
(AAPL) stated that the contagion would impact its operations and sales in the first quarter.
This sent the market lower in early trading with the Dow Jones Industrial Average lower by as much as 281 points. However, the market became oversold, which caused the indices to rebound and retake a substantial portion of the day’s losses. The NASDAQ even reached the green for a brief spell.
The major U.S. stock indexes started the Friday before the long President’s Day weekend with an uptick, but trading soon became mixed
. Stocks uniformly fell into the red by early afternoon, but a late-session rally helped to trim losses.
The stock market opened lower
, following news broke that cases of the coronavirus
and related deaths
. Traders' sentiment for global growth weakened. Additionally, the markets were dragged down by a worse-than-expected performance out of Cisco Systems.
Dow Jones Industrial Average fell as many as 205 points, while the other indices were down in tandem. However, the market started to rebound, and the indices generally headed toward break-even, with the NASDAQ and S&P 500 reaching all-time highs in the afternoon. Still, the markets tapered off in the final portion of the session and gave these gains. Overall, the Dow closed lower by 128 points; the S&P 500 was down six points; and the NASDAQ was off 14 points.
The stock market
put in a choppy and generally up-and-down session yesterday marked by several alternating modest rallies and setbacks.
The session started very briefly to the upside, with the Dow Jones Industrial Average climbing by almost 140 points. However, that uptick would prove short-lived
, and a descent gradually set in, so that by just after 11:00 AM (EST), the blue chip index had eased into the red. Here, too, that sojourn would not be sustained, and a second round of more modest buying ensued.
The stock market started positively today
, as fears over the coronavirus ebbed
. The move higher continued throughout the early morning, with all three major indices reaching all-time highs. However, the markets started to roll over once news broke that Dow Jones Industrial Average company Boeing
reported that it received no new orders in January
. Additionally, news broke that the Federal Trade Commission issued special orders to five large technology firms, which make up a large portion of the S&P 500, NASDAQ, and Dow. These orders concerned their acquisition activities over the past ten years. The news spooked the markets and sent the indices down, in a series of lower highs and lows. All told, the Dow closed just below breakeven
, the S&P 500 was up six points
, and the NASDAQ finished 11 points higher
The stock market put in a constructive session today, as investors shrugged off concerns about the health crisis in China, to concentrate on corporate profits here at home. Further, some traders on Wall Street may be thinking that central banks and government agencies across the globe will be willing to prop up their economies if the virus creates meaningful disruptions. Of note, China has already taken measures in this regard. At the close of trading, the Dow Jones Industrial Average was ahead about 175 points; the broader S&P 500 Index was up 24 points; and the NASDAQ was higher by 108 points.
Stocks closed sharply lower on Friday on lingering concerns about the effects of the coronavirus on economic growth. Weak industrial production data in Germany also weighed on sentiment. The slippage in equities came despite an unexpectedly strong January jobs report this morning that showed a gain of 225,000 jobs. That was well above expectations for about 160,000 additions. Moreover, November and December figures were revised higher by a combined 7,000 jobs, putting the three-month average for new positions at a very healthy 211,000