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.