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Breaking: Stocks Near Lows of Session on Midday Selling

Published 02/26/2020, 12:17 PM
Updated 02/26/2020, 12:22 PM
© Reuters.

By Yasin Ebrahim

Investing.com - Wall pared most of its early gains on Wednesday on fresh fears about the impact from the coronavirus on global growth after Germany flagged concerns about an epidemic.

The Dow Jones Industrial Average was up about 77 points, or 0.31%, after rising more than 400 points. The S&P 500 rose 0.16% and Nasdaq Composite added 0.46%

Sentiment on stocks soured somewhat middayafter Germany's health minister said Germany is at the beginning of a coronavirus epidemic.

With fears rising the coronavirus may have more significant and longer-lasting impact on global growth than many had feared, safe-haven demand rose helping Treasuries claw back some losses.

The United States 10-Year yield was flat at 1.33%.

Latest comments

this is good for longs
This is overblown by the Fake News media.
Trump better start calling people if he wants to keep his job!
he will force the fed to buy the world debt up
The pressure is building. Take your profits dont be greedy or blinded by the talking heads on TV!
After a successful quarter....The people can adapt to life with a glorified flu that ********less people than a seasonal flu . Just a matter of time that everything will back to normal.
 Mortality rate of the flu is .1%, Corona lowest estimates are 2% probably much higher! What are you talking about? https://www.theatlantic.com/health/archive/2020/02/covid-vaccine/607000/
The sell-off is because of the distruprion in global supply chains caused by the virus, wait for Q1 earnings to see more. It is hard to ship from China nowadays and without Chinese components a lot of producers are forced to cut production once they run out of their inventories.
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