Stocks decline as confirmed coronavirus cases jump

[Yo_Mama_Been_Loggin]

Source: CNBC

Stocks fell Friday after the number of new coronavirus cases escalated, fueling worries over a pronounced global economic slowdown.

The Dow was down 250 points, while the S&P 500 slid 1.1% and the Nasdaq dropped 1.9%.

Friday’s losses put the major averages on pace for their first weekly losses in three weeks. The Nasdaq is down roughly 1.3% week to date. The Dow and S&P 500 are both down at least 1.3% for the week.

Microsoft and Nike fell more than 2% each to lead the Dow lower. The S&P 500 was pressured by a 2% drop in the tech sector. Facebook, Amazon, Netflix, Google-parent Alphabet and Apple all traded at least 1.2% lower to drag down the Nasdaq lower.



Read more: https://www.msn.com/en-us/money/markets/stocks-decline-as-confirmed-coronavirus-cases-jump/ar-BB10edOq?ocid=hplocalnews

[Jack-o-Lantern]

1. Hmm, so that's why trump said the coronavirus will be gone bu early April.