United Kingdom  

Trusted News Discovery Since 2008
One News Page
One News Page United Kingdom > News Videos > S&P 500 Index > Wall Street slides as virus worries mount

Wall Street slides as virus worries mount

Video Credit: Reuters Studio - Duration: 01:28s - Published < > Embed
Wall Street slides as virus worries mount

Wall Street slides as virus worries mount

Wall Street fell in a broad sell-off Friday on growing concerns over the scope of the coronavirus outbreak.

As Fred Katayamam reports, the S&P 500 suffered its biggest weekly decline in six months.

0
shares
ShareTweetSavePostSend
 

Wall Street slides as virus worries mount

A broad sell-off hit Wall Street Friday.

Investors fled stocks on mounting fears over the scope of the coronavirus outbreak amid a second confirmed case of the virus in the United States.

The S&P 500 and Nasdaq ended nine-tenth percent lower.

The S&P suffered its biggest weekly decline in six months.

Needham Funds portfolio manager Chris Retzler: SOUNDBITE: Needham Funds portfolio manager Chris Retzler: "You're going into a weekend with some really negative news with regards to this virus that's spreading.

So what are we going to hear on the weekend?

So people are probably derisking.

How significant is it really going to get?

Is it going to be contained?

How widespread is it?

So I think investors are taking money off the table going into the weekend." The virus outbreak fears knocked down travel-related stocks like Wynn Resorts, American Airlines, and Norwegian Cruise Line.

Intel shares soared to a 19-year high, making it the S&P's top gainer.

The chipmaker signaled a turnaround in the chip industry, forecasting bullish earnings for 2020.

.

Separately, investors bought Broadcom shares after the chipmaker signed two deals to supply

Class="kln">Apple with wireless components.

The S&P's biggest decliner: Discover Financial.

The payment services firm predicts expenses will grow this year and hurt its profit.

Weighing on the Dow: Disney.

The Mouse House is shutting down its Shanghai Disney park indefinitely to help stop the spread of the new coronavirus.



Recent related news from verified sources

Wall Street struggles to hold on to gains as virus fears return

Wall Street on Wednesday was unable to sustain strong gains from the previous session as fears about...
Reuters - Published

Historic Fed boost fails to stem Wall Street's virus driven selloff

Wall Street's slide deepened further on Monday as the rapidly spreading coronavirus forced more U.S....
Reuters - Published


You Might Like


Tweets about this


Recent related videos from verified sources

Wall Street tumbles as U.S. virus cases climb [Video]

Wall Street tumbles as U.S. virus cases climb

Wall Street fell sharply Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed. Fred Katayama..

Credit: Reuters Studio     Duration: 01:29Published
Stocks Rise Thursday; But Don’t Be Fooled: Wall Street’s Nervous [Video]

Stocks Rise Thursday; But Don’t Be Fooled: Wall Street’s Nervous

The $2 trillion spending plans was passed by the Senate, but the historically high jobless claims are causing massive fear on Wall Street.

Credit: The Street     Duration: 01:31Published
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.