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Dow drops more than 100 points as coronavirus death toll rises, Facebook shares tumble


Thursday, 30 January 2020 21:41 WIB

Saham AS


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Stocks dropped on Thursday as the death toll from the coronavirus continues to rise in China, stoking fears about the virus’ impact on global economic growth.

The Dow Jones Industrial Average traded 145 points lower, or 0.5%. The S&P 500 slid 0.6% while the Nasdaq Composite declined by 0.5%.

Airline stocks such as American, Delta and United all fell more than 0.5%. Casino stocks Las Vegas Sands and Wynn Resorts dropped 0.5% and 1%, respectively. Expedia and Carnival shares were down by 1.7% and 5.4%, respectively.

Caterpillar, a bellwether for global the global economy, was down 0.4% while the VanEck Vectors Semiconductor ETF (SMH) slid 0.6%.

Wall Street was also under pressure after Facebook reported quarterly results that showed a sharp rise in expenses and narrowing margins. Facebook shares fell more than 7%.

Source: CNBC


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