Friday, 28 February 2020

Dow tumbles again

US stocks tumbled once again on Friday, as coronavirus fears continue to mount. Equities are on track for their worst week since the financial crisis.
CNN Business: Markets Now
 
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News: What you need to know about the markets
 
 
Dow tumbles again
US stocks tumbled once again on Friday, as coronavirus fears continue to mount. Equities are on track for their worst week since the financial crisis. Read more »
 
GM adding 1,200 jobs in two Michigan factories
GM is adding two shifts and more than 1,200 jobs at two Michigan assembly plants to increase production. Read more »
 
CVS warns there could be a shortage of hand sanitizer
US drug stores, retailers and suppliers are racing to keep up with surging interest for cleaning products as fears over coronavirus intensify. Read more »
 
Cruise lines are big losers on Wall Street this week -- and there are few winners
Investors had nowhere to hide this week. Following Thursday's stock market drubbing, there were just four S&P 500 companies trading in positive territory. Read more »
 
Former Trump economist: Coronavirus could 'absolutely' spark global recession if not contained
The world economy could stumble into a recession if the coronavirus outbreak is not contained quickly, former White House economist Kevin Hassett warned on Friday. Read more »
 
The Fed will cut rates in March, the market predicts
Central banks around the world are closely monitoring the novel coronavirus outbreak, and investors believe they will step in to keep the world's economies humming. Read more »
 
 
 
 
Dow Nasdaq S&P
-357.28   +0.89   -24.54
25,409.36   8,567.37   2,954.22
-1.39%   +0.01%   -0.82%
YTD -10.96%   YTD -4.52%   YTD -8.56%
 
Biggest Winners
Cimarex Energy Co +7.83%
 
Norwegian Cruise Line Holdings Ltd +7.25%
 
NVIDIA Corp +6.92%
 
Qorvo Inc +6.10%
Biggest Losers
AES Corp -8.53%
 
Mylan NV -7.98%
 
American Airlines Group Inc -7.52%
 
Amgen Inc -6.90%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $45.32 +0.56 / +1.25%
Gold $1,586.00 +19.30 / +1.23%
10-yr 1.13% -0.17
Euro $1.10 +0.00 / +0.28%
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Is the US prepared for a coronavirus outbreak?

Reuters Health Report: Geneva car show axed; coronavirus wipes $5 trillion off world markets

Reuters.com Newsletter

Geneva car show axed; coronavirus wipes $5 trillion off world markets

The rapid spread of coronavirus raised fears of a pandemic on Friday, with countries on three continents reporting their first cases and Swiss authorities cancelling the giant Geneva car show.

Cyprus to temporarily shut four checkpoints as coronovirus precaution - Cypriot media

Cyprus will shut four checkpoints linking the two sides of the ethnically-split island for seven days as a precaution against the spread of coronovirus, Cypriot media reported on Friday.

Iran says 34 dead, 388 infected with coronavirus

Thirty four people have died from coronavirus in Iran and 388 are infected by the virus, health ministry spokesman Kianush Jahanpur announced on state television on Friday.

Kenya's high court orders suspension of flights from China over coronavirus

Kenya's High Court on Friday ordered flights from China to be temporarily suspended over the coronavirus outbreak, following a petition by the Law Society of Kenya.

Geneva car show axed as Swiss ban large events to fight virus

Switzerland on Friday banned large events expected to draw more than 1,000 people as an extraordinary measure to curb the new coronavirus epidemic, forcing cancellation of the Geneva car show next week.

More guests leave Canary Islands hotel locked down over coronavirus

Three small groups of guests left a Tenerife hotel in minibuses on Friday on its fourth day of quarantine over the coronavirus and at least two people could be seen leaving in an ambulance, but around 700 holidaymakers remained in the compound.

Almost 60 confirmed cases of coronavirus in Germany - Health Ministry

There are almost 60 confirmed cases of coronavirus in Germany, a spokeswoman for the Health Ministry said on Friday, adding that number included people who were now healthy again.

Nigeria's first coronavirus case came on flight via Istanbul, went to Ogun state: Lagos health commission

Nigeria's first confirmed coronovirus case entered the country on a Turkish Airlines flight that traveled via Istanbul, the Lagos State Commissioner for Health told a news conference on Friday.

Hong Kongers turn out for indie club's last performance as coronavirus forces closure

Hundreds of Hong Kongers sporting face masks pulsated under strobe lights at a reknowned indie club for the last time on Thursday as cancellations by performers due to the coronavirus have forced the venue to close.

U.S. asks its military in Saudi Arabia to avoid crowded venues as coronavirus spreads in neighboring countries

The United States asked its military in Saudi Arabia to avoid crowded venues including malls and cinemas as coronavirus was reported spreading in neighboring countries, according to a document from the U.S. embassy seen by Reuters on Friday.

South Korea coronavirus cases surge to 2,337; BTS cancels gigs

South Korea reported 571 new coronavirus cases on Friday, its biggest daily increase in infections that takes its total to 2,337, the largest outbreak outside China where the epidemic began late last year.

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