Dow Gains 160 Points as Stock Market Attempts to End Coronavirus-Inspired Losing Streak at 4 Sessions

Wednesday, 26 February 2020 21:50 WIB

DOW JONESS & P 500SahamASNasdaq Composite


U.S. stock benchmarks opened slightly higher on Wednesday as investors attempting to find their footing following a series of sharp declines that have been at least partly inspired by worries about the spread of COVID-19, the infectious disease derived from the novel strain of coronavirus that reportedly originated in Wuhan, China last year.

The Dow Jones Industrial Average rose 160 points, or 0.6%, at 27,246, the S&P 500 index climbed 0.7% to 3,151, while the Nasdaq Composite Index advanced 0.9% at 9,047. Tuesday's decline was the fourth straight for all three major equity indexes. There are now 81,191 cases, and 2,768 deaths, according to recent reports. In corporate news, Walt Disney Co.'s shares were in focus after aw shares slide 1.9% in premarket trade after the entertainment giant late Tuesday announced that Chief Executive Robert Iger was stepping aside effective immediately and would be replaced by Bob Chapek, who has served as chairman of Disney Parks Experiences and Products.

Source : Marketwatch


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