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Breaking: Stocks Pare Losses on WHO Coronavirus Comments

Published 01/30/2020, 02:59 PM
Updated 01/30/2020, 03:01 PM
© Reuters.

Investing.com - The World Health Organization declared the coronavirus a public health emergency Thursday, but stocks sharply pared losses as the WHO also expressed confidence in China’s ability to control it.

  • “Let me be clear: this declaration is not a vote of no confidence in China,” WHO Director-General Dr. Tedros Adhanom Ghebreyesus said at a press conference. “On the contrary, WHO continues to have confidence in China’s capacity to control the outbreak.”

    • The S&P 500, Dow and Nasdaq Composite fell on the initial report, but reversed and cut losses after the WHO backed China’s capacity to control it. The S&P which had been down about 0.7% in afternoon trading, was nearly flat.

    Latest comments

    I guess indexes may update heights next week, after chinese market opening. After that we can hear about the virus problem getting worse.
    WHO does not have authority to tell people they can travel.
    continues to have confidence in China’s capacity to control the news of wide spreading virus
    The bettors who short the Market now are very immature. The Market is being run like a yo-yo also because of the Fed.
    Dude! I make money constantly, shorting the market. You buy the valleys, I buy the hills. This is a two way street and I refuse to go long on overvalued paper!!
    I still don't understand why people are freaking out
    Risk on making a small recovery
    This isnt a confirmation read carefully WHO continues to have confidence in China’s capacity to control the outbreak.” He has confidence not controled. I dont belive this.
    can any one tell ..why is oil gaining..
    short-term risk appetite rise or some players closed their short positions
    NEWSFLASH: Chairman Xi sneezes.World Panics...Markets Sell-off.
    Zzzz this whole thing is fake news, the real winners are rhe sellers of surgical masks
    Breaking: The wind blew the leaves in my trees. Time to buy windmill stock.
    BREAKING: Complacency Consumes Markets as Investors Underestimate Impact of Coronavirus.
    the market is going down after close
    Maybe tomorrow. This got rigged today
    sure, I am agree
    Morales are for sale in reality. movies over exaggerate right overcoming the wrong.
    morals may be for sale by many, movies that portray idealism and righteousness overcoming pessimism and evil are generally a fictional representation of what most people wish were the case, and hope that the movie will motivate people to do
    I don't trust WHO
    No travel ban. Let it spread. Great news.
    only ban we need if from south of our border
    <1% Die from it only the very old and very young with compromise immune systems. We have a flu epidemic currently in the USA that is more dangerous than Coronavirus. China has over a billion people the country is much different in alot of ways than the USA.
    fat fingers celebrate deaths and ridicule danger to humanity
    Nothing to worry, soon Chinese will include corona virus to their breakfast menu
    Fake news
    If people keep dying off at 30 a day its an issue
    agreed, if we continue to have over a 1000 contract a day (and they are out of test kits in some locations so who knows how many have it) with up to 14 days until symptoms in some cases, you can see an entire quarantined city getting it.
    Mixed messages no? “Oh well its a global alert... but... its not?” Make a decision
    What about the fact that there are already confirmed cases outside of China... How are those countries going to control it?
    Don't worry about the coronavirus, China will take care of it.
    seriously? so even though the world does not trust, for good reason, the Chinese govt regarding matters clearly within their control, we somehow trust their ability to control something like a deadly virus which is largely out of anyone's control?
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