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U.S. Stocks Give Up Much Of Wednesday Gain As Coronavirus Stalks Markets


Thursday, 5 March 2020 23:47 WIB

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U.S. stocks pared early losses Thursday late morning, but remained in the red, as anxieties about the world-wide spread of COVID-19 lingered and investors attempted to assess the ability of governments to limit the harmful impact of the infectious disease on the global economy.

The Dow Jones Industrial Average traded about 511 points, 1.9%, lower, near 26,580, while the S&P 500 was down about 52 points, 1.7%, to trade near 3,078. The Nasdaq Composite fell 112 points, 1.2%, to trade near 8,906.

On Wednesday, the Dow advanced 1,173.45 points, or 4.5%, to settle at 27,090.86. The S&P 500 rose 126.75 points, or 4.2%, to end at 3,130.12. The Nasdaq Composite climbed 334 points, or 3.9%, to 9,018.09.

For the year to date, the Dow is now down 6.8%, the S&P 500 has lost about 4.7%, and the Nasdaq is about 0.7% lower.

Source : Market Watch


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