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Stocks cut losses, Nasdaq turns positive


Thursday, 13 February 2020 23:48 WIB

Saham AS


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Stocks recovered most of their earlier losses on Thursday as investors grappled with a a jump in reported coronavirus cases and the virus’ possible economic impact.

The S&P 500 traded just above the flatline along with the Nasdaq Composite. Earlier in the day, both indexes were down. The Dow Jones Industrial Average traded 65 points lower, or 0.2%, after falling more than 200 points.

Cisco Systems was the worst-performing Dow stock, sliding 6.2%. Apple and 3M fell at least 0.7%.

Wynn Resorts and Las Vegas Sands — two stocks seen as proxies for the coronavirus given their exposure to China — fell more than 1% each. United and American Airlines slid 1.7% and 2.1%, respectively.

Source: CNBC


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