Alva Review-Courier -

US stocks close lower amid jitters over virus outbreak

 

January 22, 2020



Banks led a slide in U.S. stocks Tuesday as a virus outbreak in China rattled global markets, prompting investors to shift assets into bonds and defensive sector companies.

The sell-off snapped a three-day winning streak by the S&P 500. The benchmark index ended last week at an all-time high.

The selling in U.S. stocks followed losses in Asian and European markets as investors worried that the new coronavirus spreading in the world's second-largest economy could hurt tourism and ultimately economic growth and corporate profits.

Six people have died, and 291 have been infected in China, ju...



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