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February 28, 2020
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Reuters - Business

Stock futures fall as coronavirus-led rout continues

Reuters
(Reuters) – U.S. stock index futures dropped on Friday as a surge in coronavirus cases, which have already wiped nearly $3 trillion off stocks listed on the benchmark S&P 500 this week, triggered recession fears. The index confirmed its fastest correction in history in volatile trading in the previous session......
Reuters - Business

Oil prices on track for biggest weekly fall in four years

Reuters
SINGAPORE (Reuters) – Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand. FILE PHOTO: A seagull flies in front of an......
Reuters - Business

Oil prices fall again, on track for biggest weekly drop in over 4 years

Reuters
SINGAPORE (Reuters) – Oil prices fell for a sixth straight session on Friday and were on track for about a 12% weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand. FILE PHOTO: A seagull flies in......
Reuters - Business

World stocks set for worst week since 2008 as virus fears grip markets

Reuters
TOKYO (Reuters) – Global share markets were headed for the worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and derail economic growth. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei index......
Reuters - Business

Global shares head for worst week since 2008 financial crisis

Reuters
TOKYO (Reuters) – Global share prices headed for the worst week since the darkest days of the world financial crisis in 2008 as investors braced for the coronavirus to become a pandemic and rapidly spread around the world. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei......
Reuters - Business

Pandemic fears send investors running as Wall Street confirms correction

Reuters
New York (Reuters) – Wall Street’s main indexes plunged on Thursday for the sixth straight session, with the S&P 500 confirming its fastest correction in history as the rapid global spread of coronavirus intensified worries about economic growth. The S&P 500 finished 12% below its Feb. 19 record close, marking......
Reuters - Business

Wall Street tumbles again on virus fears, confirming correction

Reuters
NEW YORK (Reuters) – Wall Street’s main indexes plunged on Thursday in their sixth straight day of declines with the S&P 500 confirming its fastest correction in history as the rapid global spread of coronavirus intensified investor worries about economic growth. The Dow Jones Industrial Average fell 1,197.43 points, or......
Reuters - Business

Futures slump on alarm over fast-spreading virus

Reuters
(Reuters) – U.S. stock index futures dropped more than 1% on Thursday as investors stayed away from making riskier bets after the rapid spread of the coronavirus outside China deepened worries about growth and corporate earnings. Traders work on the floor of the New York Stock Exchange shortly after the......
Reuters - Business

Virus-hit stocks shed $3 trillion; safe havens thrive

Reuters
LONDON (Reuters) – Stocks resumed their plunge, wiping out more than $3 trillion in value this week alone, and U.S. Treasuries yields hit record lows on Thursday as the coronavirus spread faster outside China and investors fled to safe havens. FILE PHOTO: A man wearing a surgical mask walks past......
Reuters - Business

Oil prices fall for fifth day to lowest in a year

Reuters
LONDON (Reuters) – Oil prices fell 2% on Thursday, plunging for fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude. FILE PHOTO: A view shows the......
Reuters - Business

Oil falls for fifth day on demand concerns as coronavirus spreads

Reuters
TOKYO (Reuters) – Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand. FILE PHOTO: A view shows the......
Reuters - Business

Asian stocks slide deeper as pandemic fears grow

Reuters
SINGAPORE (Reuters) – Oil and Asian share markets extended losses on Thursday as the rapid global spread of the coronavirus kept investors on edge and seeking safety in gold and bonds. FILE PHOTO: A man wearing a surgical mask walks past a screen showing Shanghai Composite index and Nikkei index......
Reuters - Business

Oil falls for fifth day as coronavirus spreads outside of China

Reuters
TOKYO (Reuters) – Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China deepened fears that the global economy will slow and lower crude demand. FILE PHOTO: A view shows the Gazprom Neft’s oil......
Reuters - Business

Wall Street falls more slowly as investors parse coronavirus fears

Reuters
New York (Reuters) – The S&P 500 fell for a fifth straight day on Wednesday and while its decline was slower than the last few days, the session was volatile as investors reacted to headlines about coronavirus and sought to gauge its economic fallout. After rising as much as 1.7%......
Reuters - Business

S&P 500 falls for fifth session as virus concerns weigh

Reuters
NEW YORK (Reuters) – The S&P 500 fell for a fifth straight day in a volatile session as investors reacted to the latest headlines regarding the spread of coronavirus and sought to gauge the economic fallout. The Dow Jones Industrial Average fell 122.21 points, or 0.45%, to 26,959.15, the S&P......
Reuters - Business

Oil prices drop to lowest in more than a year as coronavirus spreads

Reuters
NEW YORK (Reuters) – Oil prices fell to their lowest in more than a year on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline, and on concerns that the virus could spread across the United States. FILE......
Reuters - Business

Wall Street loses ground on fears of NY virus spread

Reuters
New York (Reuters) – U.S. stocks lost ground with the S&P falling to session lows in a volatile session on investor jitters on Wednesday over the prospect of coronavirus cases in New York after officials said they were monitoring 83 people who visited China. While health officials in Nassau County,......
Reuters - Business

Wall Street bounces after virus-driven selloff

Reuters
(Reuters) – U.S. stocks attempted a recovery on Wednesday after a rocky start to the week that shaved off more than 6% from the main indexes on growth concerns stemming from a global spread of the coronavirus. Traders work on the floor of the New York Stock Exchange shortly after......
Reuters - Business

Wall Street gains ground after virus-driven selloff

Reuters
(Reuters) – Wall Street’s main indexes rose about 1% on Wednesday after suffering their worst four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus. Traders work on the floor of the New York Stock Exchange shortly after the......
Reuters - Business

Oil inches up on U.S. crude inventories, coronavirus limits gains

Reuters
NEW YORK (Reuters) – Oil prices edged up on Wednesday after U.S. crude in storage grew less than expected and gasoline inventories dropped, but hundreds of new coronavirus cases reported in Asia, Europe and oil-producing countries in the Middle East limited gains. FILE PHOTO: Pumpjacks are seen against the setting......

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