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.

Cases: 2066989

Reported Deaths: 52611
CountyCasesDeaths
Kings27515910235
Queens2723029785
Suffolk1983523365
Nassau1813753158
Bronx1801106498
New York1359564416
Westchester1283032262
Erie872971765
Richmond734501794
Monroe651661057
Orange47547810
Rockland46511952
Onondaga37558668
Dutchess28937442
Albany24270348
Oneida22021503
Niagara19398349
Broome18127355
Saratoga14924165
Ulster13638250
Schenectady12835195
Rensselaer11002140
Putnam1048891
Chautauqua8703140
Chemung7435134
Oswego732390
Ontario723492
Steuben6639143
Sullivan647272
St. Lawrence641596
Cayuga611292
Jefferson576766
Wayne554667
Cattaraugus546586
Genesee5286121
Herkimer5054107
Clinton475133
Madison441488
Fulton428190
Livingston425658
Tompkins419350
Montgomery4146121
Columbia3944101
Cortland367960
Tioga361861
Warren352957
Wyoming344951
Allegany335384
Chenango335376
Otsego335347
Greene329775
Washington302755
Orleans299283
Lewis260734
Franklin250312
Delaware229037
Seneca196256
Schoharie163216
Essex156326
Yates115626
Schuyler102614
Hamilton3042
Unassigned13458
Out of NY0231
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