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Stocks dive as fears over coronavirus spread

The Dow and the broader stock market ended deep in the red on Friday as fears over the spread of the Wuhan coronavirus tainted investor sentiment.Stoc...

Posted: Jan 26, 2020 9:48 AM

The Dow and the broader stock market ended deep in the red on Friday as fears over the spread of the Wuhan coronavirus tainted investor sentiment.

Stocks started the day higher as it appeared markets were shrugging off the coronavirus news, but took a turn for the worse after a second case was confirmed on US soil in Illinois. The first case was confirmed on Tuesday in Washington state. Both patients had traveled to the central Chinese city of Wuhan, where the virus outbreak originated.

Multiple cities in Wuhan's Hubei province are facing travel restrictions ahead of this weekend's Lunar New Year celebrations. Investors are now beginning to worry about the outbreak's impact on the Chinese economy, which is widely considered the growth engine of the global economy.

The Dow closed down 0.6%, or 170 points, logging its worst day since the start of the month. The index benefited from an afternoon turnaround of Boeing's stock, which finished up 1.7%, after the Federal Aviation Administration said Boeing's struggling 737 Max jet could regain regulatory approval before the summer.

Still, it was the worst week for the Dow since mid-August.

The broader S&P 500 and the tech-heavy Nasdaq Composite both ended 0.9% lower. The S&P saw its worst one-day percentage drop since early October, while the Nasdaq had its lowest close since early December.

New York Coronavirus Cases

County data is updated nightly.

Confirmed Cases: 420860

Reported Deaths: 32774
CountyConfirmedDeaths
New York City22783223580
Suffolk437861998
Nassau436552194
Westchester362051447
Rockland13942674
Orange11159491
Erie8904671
Monroe4956285
Dutchess4607153
Onondaga3576200
Albany2595128
Oneida2146115
Ulster206292
Niagara149898
Sullivan148948
Putnam144963
Broome112669
Schenectady105837
Rensselaer76530
Saratoga75717
Columbia54037
Madison41217
Ontario36034
Warren30833
Orleans29854
Steuben29842
Fulton29624
Greene29218
Genesee2775
Herkimer2744
St. Lawrence2634
Washington25914
Chautauqua2539
Oswego2533
Wayne2503
Tompkins2340
Chenango2166
Tioga19325
Livingston1768
Montgomery1764
Chemung1713
Cattaraugus1656
Cayuga1522
Jefferson1420
Clinton1274
Wyoming1185
Otsego1165
Delaware1054
Cortland950
Seneca893
Allegany791
Schoharie690
Yates577
Essex550
Franklin540
Lewis410
Schuyler220
Hamilton80
Unassigned00
Utica
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