U.S. stocks had a rocky start to the trading day on Thursday, and slightly recovered as the market came to a close. Market participants are still concerned about global trade as China responses to the coronavirus outbreak. At Davos, Blackstone
Here's how the markets settled at close on Thursday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, Yum China
In Stock Sector News, U.S. sectors continue their mixed performance as the global market considers a possible halt to trade with China. The half that had positive performance growth Thursday include Industrials +1.13%, Real Estate +0.97%, Utilities +0.92%, Information Technology +0.48% and Consumer Discretionary +0.12%. The other half that traded negatively Thursday include Health Care -0.50%, Energy -0.36%, Communication Services -0.34%, Consumer Staples -0.26%, Financials -0.23% and Materials -0.14%.
Lastly, in Commodity and Currency News, the coronavirus has not only affected Chinese stocks, but is impacting the global oil market as investors fear the outbreak will undermine China's economic growth. Traders also fear that the virus will threaten fuel demand, leading oil prices to their lowest point in seven weeks. West Texas Intermediate