U.S. stocks rose on Wednesday after a rocky start to the week that shaved off more than 6% from each of the main indexes amid fears of the economic damage from the global spread of the coronavirus
- U.S. stocks rose on Wednesday after a rocky start to the week that shaved off more than 6% from each of the main indexes on growth fears as the coronavirus spread in several countries.
Germany is at the beginning of an epidemic after new cases sprung up which can no longer be traced to the virus’s original source in China, its health minister said. The main indexes have declined in the past four sessions and the Dow shed more than 1,900 points in the last two days on fears of a pandemic. The S&P 500 is still about 7% off its all-time high it hit last Wednesday.
Ten of the 11 major S&P sectors were trading higher, with technology leading the charge with a 1.1% gain. The energy sector dropped 1.3%.
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