More COVID-19 cases were reported in China overnight
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| | | 2/21/2020 | |
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| Stocks Slide as Gold Logs Best Week Since June | | By Patrick Martin | | The Dow stumbled into the weekend with an 227-point loss. The blue-chip index breached the 29,000 level amid resurfacing coronavirus fears, after over 800 new cases were reported overnight in China. The S&P 500 and tech-rich Nasdaq also finished sharply lower, with FAANG stocks and the chip sector among the day's notable laggards. All three benchmarks finished with weekly losses of 1% or more. Continue reading for more on today's market, including: - Dropbox options were red hot after earnings.
- Coca-Cola gave a coronavirus update that isn't as bad as feared.
- Plus, Fitbit falls post-earnings; a big upgrade for CHWY; and SPX sounding a bullish signal.
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