S&P 500 Cons Staples Futures Market News and Commentary
The S&P 500 Index ($SPX) on Wednesday closed up +0.03%, the Dow Jones Industrials Index ($DOWI) closed down -0.03%, and the Nasdaq 100 Index ($IUXX) closed up +0.24%.
U.S. stock indexes closed mostly higher Wednesday with the S&P 500 and Nasdaq 100 at new record highs. Stocks on Wednesday recovered from Tuesday's losses after China said it will take steps to contain the deadly coronavirus that spread beyond China's borders to Japan, South Korea, Thailand, and the United States.
The Chinese government said on Wednesday it will start a nationwide screening effort to contain the outbreak of the deadly coronavirus that has spread throughout China. The Chinese city of Wuhan, where the outbreak of the coronavirus started, said on Wednesday that it has suspended outbound flights and rail service from the city. Wuhan also suspended travel by bus, subway and ferry and said that citizens should not leave the city without special reasons, according to China's state broadcaster CC... Read more