(This March 5 story corrects Reuters instrument code for 10-year U.S. Treasury in paragraph 14 to “US10YT=RR”, from “US10YR=RR”)
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020. REUTERS/Andrew Kelly
By Medha Singh and Sanjana Shivdas
(Reuters) – Wall Street was set for strong declines at the open on Thursday as the fast-spreading coronavirus led California to declare an emergency, while airline stocks were hammered by crippled travel demand.
The S&P 500 had ended 4% higher on Wednesday, as Joe Biden’s surprising lead in the Democratic primaries distracted traders from the widening spread of the pathogen in the United States.
The benchmark index has recouped nearly half of its losses from its worst week since the 2008 financial crisis, but is still about 7.5% below its record close on Feb. 19.
Fears about economic growth resurfaced on Thursday as the U.S. death toll rose to 11 and California reported the first…
Source news reuters.com, click here to read the full news.
