European stocks reach record highs on hopes virus is peaking

Credit: Reuters- Published on February 11, 2020
World stocks resumed rising towards record highs on Tuesday and the dollar reached a four-month high as China's top medical advisor said the coronavirus epidemic may plateau in the next few weeks.

Credit: Wochit
Published on February 13, 2020 -  00:35
Defensive Stocks Buoy Wall Street
(Reuters) - Gains in defensives helped U.S. stocks bounce off session lows on Thursday, even as sentiment remained fragile after a spike in new coronavirus cases in China renewed worries over the scale of the epidemic and its likely impact. The S&P 500 fell as much as 0.6% in early trading after China reported a record spike in deaths and thousands more infections using a new diagnosis method at Hubei, the epicenter of the outbreak. This changed the mood on Wall Street, where a day earlier investors had bought on signs that the virus spread was slowing and helped the three main indexes close at record highs.

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