Coronavirus still at epidemic levels, but investors re-focus on equities

On Sunday, February 2, China’s National Health Commission released its latest figures of the novel coronavirus. Their latest figures released acknowledged that there have been 17,205 confirmed cases to date in China, with the death toll rising above 360.

Even though this epidemic continues to spread in China, as well as globally, market participants at least for today have refocused their attention on the fundamentals of U.S. equities bidding all three major indices higher. As of 3:55 PM EST the Dow Jones industrial average is currently up by approximately 150 points, which is a net gain of just over ½ a percent, and currently fixed at 28,404.15. The S&P 500 is up almost 9/10 of a percent, and after factoring in today’s gain of 28.40 points is currently fixed at 3,25404. The largest percentage gainer today was the NASDAQ composite which is currently up 1.40%, or 129 points, and fixed at 9280.32.

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