S&P 500 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Wednesday closed down -0.38%, the Dow Jones Industrials Index ($DOWI) closed down -0.46%, while the Nasdaq 100 Index ($IUXX) closed +0.44%.
The S&P 500 index on Wednesday traded higher early in the session but then lost ground into the close to post a new 2-1/4 month low and finally close the day down -0.38%. Stocks lost ground after U.S. radio station 1010 WINS reported that health officials in New York are monitoring 83 people who have visited mainland China or have come in contact with the coronavirus.
The markets continue to worry about the CDC's warning on Tuesday that it is inevitable that the U.S. will start seeing the community spread of the coronavirus, which could lead to travel restrictions and business and school closures in affected areas. In addition, Germany's Health Minister on Wednesday said, "Germany is at the beginning of a coronavirus epidemic." Confirmed cases of the virus are now reported globally at 81,233 in more than... Read more