Wall Street's main indexes fell for the sixth straight session and slipped into correction territory on Thursday, as the rapid spread of the coronavirus outside China intensified fears about the hit to economic growth and corporate earnings.
The U.S. economy grew moderately in the fourth quarter, the government confirmed on Thursday, and is facing a bumpy road in early 2020 amid the fast-spreading deadly coronavirus that has roiled financial markets.
Shares of Microsoft Corp fell more than 4% on Thursday after the company warned of weakness in PC business due to a hit to its supply chain from the coronavirus outbreak, echoing similar statements from Apple Inc and HP .
China's top container ports are loosening the backlog of cargoes on their docks as workers return to their posts after coronavirus travel curbs that kept them away and jammed up global supply chains have been eased.
Shares in Nokia Oyj rose in a falling market on Thursday, after Bloomberg News reported that the Finnish telecom network equipment maker was considering asset sales and mergers.
Aston Martin shares slumped to a record low on Thursday after the British luxury carmaker said its losses ballooned last year and its chief financial officer would leave by the end of April.
Blackstone Group Inc Chief Executive Stephen Schwarzman said the world's biggest private equity firm cannot buy Bloomberg should it come up for sale as long as the firm owns competitor Refinitiv.
| S&P » | 3,021.65 | -3.04% |
| Dow » | 26,157.89 | -2.97% |
| FTSE 100 » | 6,776.01 | -3.78% |
| Nikkei 225 » | 21,948.23 | -2.13% |
| US 10YR |
+1.272
|
-0.038 |
| DE 10YR |
-0.561
|
-0.066 |
| JP 10YR |
-0.103
|
+0.002 |
| USD / EUR » | 0.9092 | -1.06% |
| USD / GBP » | 0.7755 | +0.09% |
| USD / JPY » | 109.7600 | -0.60% |