|Day's range||8,927.80 - 9,148.32|
|52-week range||7,292.22 - 9,838.37|
Headlines moving the stock market in real time.
The S&P 500 fell for a fifth straight day on Wednesday and while its decline was slower than the last few days, the session was volatile as investors reacted to headlines about coronavirus and sought to gauge its economic fallout. After rising as much as 1.7% in the morning, the S&P 500 hit a session low after health officials in Nassau County, New York, said they were monitoring 83 people who visited China and may have come in contact with the virus.
Stocks across the globe fell on Tuesday to their lowest since early December and the benchmark U.S. debt yield hit a record low on concerns about the economic hit of the spread of the novel coronavirus. The market selloff accelerated after the U.S. Centers for Disease Control and Prevention said Americans should begin to prepare for community spread of the new coronavirus. The flu-like virus has now infected more than 80,000 people, 10 times more cases than the SARS coronavirus.
The Dow and the S&P 500 tumbled 3% on Tuesday in their fourth straight day of losses as the coronavirus spread further around the world and investors offloaded risky assets as they struggled to gauge the economic impact. In the United States, the Centers for Disease Control and Prevention said Americans should prepare for possible community spread of the virus. "The market's realizing that though the pace of the infections looked like it was slowing, it's still spreading globally," said Shawn Cruz, manager of trader strategy at TD Ameritrade in Jersey City, New Jersey.
Wall Street's three major stock indexes fell 3% on Tuesday as the coronavirus spread further around the world and investors clamored for safety a day after the S&P 500's and the Dow Industrials' biggest daily declines in two years. Strategists struggled to estimate the economic impact of the virus as it spread to Spain and dozens of countries from South Korea to Italy accelerated emergency measures. The U.S. Centers for Disease Control and Prevention said Americans should prepare for possible community spread of coronavirus.
Investing.com – Stocks plunged for the second session in a row Tuesday as investors fled risk following comments from the Centers for Disease Control and Prevention that the U.S. faced further spread of Covid-19.
Rapid shifting of funds from risky equities to safe-haven assets like U.S. government bonds and bullion like gold resulted in stock market rout.
The Conference Board’s February consumer confidence index will be a closely watched piece of economic data out Tuesday. On the corporate earnings front, Home Depot earnings will be one of the major releases.
The World Health Organization (WHO) on Monday downplayed the prospects of the coronavirus outbreak becoming a worldwide pandemic amid a markets plunge.
IMF Chief Economist Gita Gopinath told Yahoo Finance on Monday that the virus could become a global pandemic but said she could see a scenario where the economy impact is only temporary.
About 42% of respondents in a survey of business economists said markets are not differentiating if the Fed's asset purchases are quantitative easing or not.