Last Updated Thursday, March 5, 2020 11:25AM ESTNEW YORK -- And back down goes the U.S. stock market.
In China, where the number of new infections has been slowing drastically, Shanghai-traded stocks have rallied nearly 12% since hitting a bottom on Feb. 3. They're just 1.6% away from wiping out the last of the losses they've sustained since the new virus began to spread late last year. The S&P 500 was down 2.3%, as of 10:35 a.m. Eastern time. The Dow Jones Industrial Average fell 684 points, or 2.5%, to 26,406, and the Nasdaq was down 1.8%.
Travel-related companies continued to fall sharply on worries that frightened customers won't want to confine themselves in planes, boats or hotels with others. Royal Caribbean Cruises sank 12%, American Airlines Group lost 8.7% and MGM Resorts International fell 7.2%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe embarks on economic revolution with landmark climate law to make region climate neutral by 2050Europe wants to make it illegal by 2050 to emit more greenhouse gases than can be removed from the atmosphere GOOD LUCK with THAT! Depopulation is what Agenda 2050 is about. So, if you pass gas you get fined now? You can't punish people for living.
Source: nationalpost - 🏆 10. / 80 Read more »
These stocks stand to gain from the coronavirus outbreakAlthough some companies’ shares have jumped on speculation, others may be able to realize sustainable boosts to their businesses and more long-running gains
Source: globeandmail - 🏆 5. / 92 Read more »
Stocks are tumbling again as investors worry Fed’s first emergency rate cut since 2008 is no cure for coronavirus slowdownStocks are tumbling again as investors worry Fed’s first emergency rate cut since 2008 no cure for coronavirus slowdown Our economy is very brittle. Call me crazy but I'm thinking the virus doesn't care about interest rates. Called it
Source: nationalpost - 🏆 10. / 80 Read more »
Lonely Mona: Once again, virus fears close the LouvreThe Louvre, the world's most visited museum, did not open as scheduled Wednesday morning as its workers fret about catching the coronavirus. Loving the pic of the person wearing the mask incorrectly. fail
Source: CTVNews - 🏆 1. / 99 Read more »
Stocks are tumbling again as investors worry Fed’s first emergency rate cut since 2008 is no cure for coronavirus slowdownStocks are tumbling again as investors worry Fed’s first emergency rate cut since 2008 no cure for coronavirus slowdown Our economy is very brittle. Call me crazy but I'm thinking the virus doesn't care about interest rates. Called it
Source: nationalpost - 🏆 10. / 80 Read more »
Freeland To Chair New Cabinet Committee Focused On Coronavirus OutbreakFreeland to chair new cabinet committee focused on coronavirus outbreak cdnpoli Oh Gawd, now we are all going to catch it. If don’t want to get sick and spread this virus around stay out of Vancouver, Toronto and Montreal! She’ll make a better PM than you...resign and be a UN ambassador or global ambassador at large since global issues are your main focus...not Canadians
Source: HuffPostCanada - 🏆 61. / 53 Read more »