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Stocks tanked on Monday after more cases of the coronavirus were confirmed over the weekend, ratcheting up worries over the virus’ impact on the world economy. The Dow Jones Industrials stumbled 453.93 points, or 1.6%, to 28,535.80, wiping out the average’s gains for the year. The 30-stock average also notched its biggest one-day fall since October along with its longest losing streak since August. The S&P 500 slumped 51.84 points, or 1.6%, at 3,243.63, snapping a 74-session streak without a 1% decline. The NASDAQ slouched 175.60 points, or 1.9... -Baystreet.ca
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Alphabet's (GOOG) Google, Reuters' Nandita Bose wrote, citing two sources familiar with the matter. The probes revolve around monopolistic behavior that may harm consumers through Google's control of online advertising markets and search traffic, the report noted. 2. Drugmaker AbbVie (ABBV) said that China is testing an HIV drug as a treatment... -The Fly
Stocks closed little changed on Thursday, recovering most of their losses from earlier in the session, after the World Health Organization quelled some of the fears around the deadly coronavirus. The Dow Jones Industrials came off its lows of the day but remained negative 26.18 points to finish at 29,160.09. The S&P 500 eked higher 3.79 points at 3,325.54. The NASDAQ powered ahead 18.71 points to a new all-time high close of 9,402.48. The WHO said it was a “bit too early to consider this event is a public health emergency of international concern... -Baystreet.ca
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