U.S. Stocks Start to Recover From Coronavirus Rout

By Kevin Granville
The New York Times
February 26, 2020
Category: Business & Politics
Region: Canada, United States

Stocks on Wall Street rebounded on Wednesday, recovering from back-to-back losses this week that had wiped more than 6 percent off the S&P 500. The recovery came even as major markets in Europe and Asia continued to drift lower, as investors reacted to reports of the coronavirus quickly spreading across the globe. …The virus outbreak that began in China has now infected more than 80,000 people and killed more than 2,700 around the world. Authorities in Italy are struggling to contain an outbreak that is threatening to disrupt Europe’s fourth-largest economy. …South Korea is working to manage the largest outbreak outside of China, with more than 1,200 reported cases. …As the virus spreads, economists warn the crisis could roil global supply chains and hamper economic growth.

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