Chinese Travel Stock That Keeps Moving Lower

Coronavirus headwinds are set to hammer stocks

 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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1/27/2020

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Dow Futures Point to Major Losses

By Josh Selway

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The U.S. stock market is pacing for substantial losses this morning as the coronavirus outbreak worsens. With the death toll from the virus rising to more than 80 in China and a fifth confirmed case in the U.S., traders are taking a risk-off approach this morning, sending Dow Jones Industrial Average (DJI) futures more than 400 points below fair value. Similar losses are piling up for the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX), with travel stocks in particular posting outsized pre-market moves. This comes after the Dow posted its worst week in months.

Continue reading for more on today's market, including: 

  • Call traders are eyeing this software stock's earnings report.
  • The Chinese travel stock that keeps moving lower.
  • Plus, homebuilder shares strong results; ABBV outperforms; and BABA paces China stock sell-off.

>> Continue reading...
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