Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500's worst week in six months.
* Intel (INTC) eyes 19-year high after strong forecast. * American Express (AXP) gains as profit beats estimates. * WHO says outbreak a China emergency, not global. * Futures up: Dow 0.25%, S&P 0.19%, Nasdaq 0.27% By Sruthi Shankar.
Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500's biggest weekly decline in six months.
Transportation stocks haven't hit a new high in 16 months, a potentially ominous sign for investors betting on a pickup in global growth. The Dow Jones Transportation Average-- which tracks the performance of 20 large U.S. airlines, truckers, railroads and shippers-- is still 3.7% below its record from Sept. 14, 2018. Over the same period, the Dow Jones Industrial Average has risen 11%, notching 31 closing highs along the way, according to Dow Jones Market Data. The transport stocks have...
UK composite PMI turns positive. British stocks surged on Friday as fears over the coronavirus in China were eased by the World Health Organization. The FTSE 100 jumped 1.6%, while the more domestically-focused FTSE 250 rose 1.1% in morning trading.
* Virus sparks fears of metals demand hit. * Copper stocks in China and LME rise this week. * Eight straight sessions of losses for copper. By Zandi Shabalala. Copper prices recorded their biggest weekly fall in five years on Friday on concerns that the spread of the coronavirus could hit the Chinese economy and metals demand.
European stocks rose Friday as fresh economic data signaling a halt to the slowdown in the German manufacturing sector buoyed investors' sentiment. The pan-continental Stoxx Europe 600 index gained 1.2%, while futures tied to the Dow Jones Industrial Average edged up 0.3%. Fresh preliminary data for January on purchasing managers' indexes, which are closely watched measures of business activity, suggested that the manufacturing sector in the eurozone- and Germany, in...
* EM stocks, FX indexes to log first weekly fall in eight. * WHO says virus outbreak a China emergency, not global. * Russian rouble firms on tax payment support. By Shreyashi Sanyal.
By Steven Russolillo and Michael Wursthorn. The Dow Jones Industrial Average recouped most of its losses Thursday but remained in the red as mixed earnings reports and a worsening viral outbreak unsettled investors. The blue-chip index slid 26.18 points, or 0.1%, to 29160.09, nearly recovering from a pullback of more than 200 points earlier in the day.
Stocks came back from early losses to finish mostly higher on Thursday, with the Nasdaq Composite edging to a record close as investors appeared to shake off worries surrounding the coronavirus outbreak that originated in China after the World Health Organization said it was too early to consider the event a "global emergency." The Nasdaq ended the day up nearly 19 points, or 0.2%, to end near 9,402, according to preliminary figures, topping its previous record finish of 9,388.94...
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