Stock market news reside: Stocks, yields drop on new coronavirus fears; NY says eleven new cases found
Dow Ends Down Over 950 Points, Nearly three.6%, as Wall Street Swings Wildly on Coronavirus Fears
An $eight.3 billion emergency funding package to fight the coronavirus outbreak passed overwhelmingly in each the House of Representatives and the Senate. Yahoo! Finance’s Jessica Smith joins The Final Round stay from Washington, D.C.
Treasury yields plumbed new depths and stocks in Asia fell, monitoring losses in U.S. markets, because the financial impact of the novel coronavirus epidemic widened. OPEC pushed on Thursday for a much bigger-than-anticipated oil output minimize to assist prices which were hit by the coronavirus outbreak, successfully presenting its non-OPEC companions with an ultimatum to back the transfer or face a worth collapse. The in a single day dip got here as California declared a state of emergency over the coronavirus outbreak, following the announcement of the state’s first confirmed demise as a result of the illness. As of Thursday, California had the biggest number of instances in the U.S. at greater than 50, adopted by Washington state with about 44 confirmed cases and 10 deaths.
Shares of Starbucks slipped zero.1% after hours, following a 4.4% decline to shut the regular session at $76.19. The latest information, videos, and pictures on finance, industry trends, money, and extra. Asian shares and U.S. stock futures fell on Friday following one other Wall Street rout as disruptions to international enterprise from the coronavirus beyond China worsened, stoking fears of a prolonged world economic slowdown.
Right now, the market does not have much data … Read More