DJIA25186.70
LIVE-213.94(-0.84%)
NDX9398.53
LIVE-18.18(-0.19%)

Stocks close lower amid rise in coronavirus outbreak


Friday, 14 February 2020 04:26 WIB

Indeks NasdaqIndeks S&P 500Indeks Dow JonesSahamAS


c_740_198_16777215_00_images_assets_USMARKET_1537305029481oiwhfowbdfqdvoph.jpg

U.S. stocks retreated from records on Thursday, albeit after paring losses, following a change in China's methodology of the COVID-19.

The S&P 500 fell 0.2% to end around 3,374. The Dow Jones Industrial Average shed 128 points, or 0.4%, to end near 29,423, based on preliminary numbers. The Nasdaq Composite edged 0.1% down to around 9,712.

All three major equity benchmarks finished at records on Wednesday. The S&P 500 and Nasdaq snapped a three-day winning streak.

Investors balanced the broadly bullish sentiment against rising uncertainty around the coronavirus that threatens to hit China's economy and spillover elsewhere.

Chinese health officials changed their methodology on how they counted confirmed cases of the coronavirus, resulting in a sharp climb in the number of cases and deaths due to the disease.

A growing number of companies including Alibaba are reporting a negative impact from the viral outbreak.

In other corporate news, Cisco System Inc. shares fell 5.3% even after its second-quarter even after its second-quarter profit and revenue beat Wall Street expectations.

Source : MarketWatch


RELATED NEWS

  • Hong Kong stocks finished with more losses Friday as traders nervously await Donald Trump's news conference, in which he will set out the US response to China's plans to impose a security law on the f...
  • Tokyo stocks closed lower on Friday, with investor sentiment dampened by rising US-China tensions over Hong Kong. The benchmark Nikkei 225 index slipped 0.18 percent or 38.42 points at 21,877.89, whi...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.