Futures tread water as investors weigh coronavirus impact
- Wall Street was set to open largely unchanged on Monday after last week’s strong gains as investors kept an eye on the economic impact from the coronavirus outbreak and company updates, with people starting to return to work in China.
“Investors are quiet worried about the overly negative impact of the coronavirus on the global economy,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. On the other hand, electric carmaker Tesla Inc jumped 7.2% as its Shanghai factory returned to service with assistance to help it cope with the spreading epidemic.
This week, a slew of earnings reports from consumer discretionary companies and U.S. retail sales data could help determine to what extent the coronavirus is hitting consumer demand.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus is the biggest market threat right now, Wall Street bull Ed Yardeni saysCoronavirus fallout could spark the next serious correction, market bull Ed Yardeni warns TradingNation
Read more »
“Bigger Than SARS by Far”: Wall Street Confronts the CoronavirusCanceled flights and meetings, closed China stores, inverted yield curve, oil prices diving, though it may take months to assess the real damage. And “fear is also the enemy,” says a finance titan.
Read more »
Job Growth Surges In January, Beating Wall Street ExpectationsThe U.S. jobs market grew at a better-than-expected rate in January, thanks to unseasonably warm weather, beating Wall Street expectations by skleb1234
Read more »
Wall Street futures fall as coronavirus toll rises, China plans return to workU.S. stock futures fell on Sunday after China's death toll from the coronav...
Read more »
RBC hikes Nvidia's price target to highest on Wall Street ahead of earningsNew for subscribers: RBC hikes Nvidia's price target to highest on Wall Street ahead of earnings Check out CNBCPro and get your first 30 days free.
Read more »
The Wall Street Journal criticized for op-ed with derogatory reference to China in titleIf you didn't already know WSJ and wrmead were ignorant, racist, irrelevant bigots trying to push centuries old stereotypes to their fellow supremacists:
Read more »