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UNITED STATES US stocks rebounded from the slide earlier in the trading session on Thursday to close higher as investors looked past coronavirus scares. The World Health Organisation declared the situation a public health emergency but expressed confidence in China’s ability to deal with it. Earnings outperformance by Coca-Cola and Microsoft notably also spurred stocks…

UNITED STATES US stocks rebounded on Tuesday following the sell-off on Monday, the biggest since October. Positive earnings and positive economic data outweighed concerns over the spread of the coronavirus to lift stocks with Apple notably rising 2.83% on the day after reporting an 11% rise in net profit. Durable goods orders rose 2.4% in…

UNITED STATES US stocks closed sharply lower on Monday as markets continued to reel from the continued spread of the coronavirus. The death toll continues to mount as cases of infection neared 3,000 in China and continue to be discovered in more countries including Canada and Germany. The NASDAQ led the slide, dropping 1.89% while…

UNITED STATES Concerns over the spread of the coronavirus outweighed strong earnings reports to send US stocks lower on Friday. With cases of infection having been confirmed in France as well as Australia, fears grew that the continued spread of the virus may disrupt travel and trade as well as slow economic growth. The DOW…

UNITED STATES US-Iran tensions came to the fore on Tuesday to send stocks lower despite favourable economic reports. Energy names were the biggest drags on indices as oil companies evacuated American staff from Iraqi oil fields; Chevron and Exxon were down 1.28% and 0.82% on the day. The ISM service-sector index came in at 55,…

UNITED STATES US stocks brushed off the tensions in the Middle East to close higher on Monday in the process posting their biggest intraday comeback in 3 months. Stocks had opened firmly lower on the day before recovering to close in the green as no major news emerged on the US-Iran tensions. The NASDAQ led…