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U.S. Stocks Open Lower A Day After S&P 500 And Nasdaq Book Records
Thursday, 20 February 2020 21:47 WIB | MARKET UPDATE |Saham ASIndeks NasdaqS & P 500

U.S. stocks edged lower at the open on Thursday amid reports that the spread of COVID-19, the viral outbreak that originated in Wuhan, China, was accelerating in neighboring Asian countries.

The S&P 500 fell 0.2% to 3,381. The Dow Jones Industrial Average shed 52 points, or 0.2%, to 29,296. The Nasdaq Composite retreated 0.2% to 9,802. The S&P 500 and Nasdaq closed at records on Wednesday.

Investors see growing risks of the coronavirus weighing on east Asian economies close to China, many of which are economic and export powerhouses including South Korea and Japan.

Analysts have also revised their global growth forecasts lower as a result of the cascading supply-chain disruptions due to the pathogen.

In company news, Morgan Stanley is set to acquire E-Trade Financial Corp. in a deal valued at $13 billion, according to The Wall Street Journal.

Source : Market Watch

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