About: http://data.cimple.eu/news-article/72622929eeaaccb8c792e9cbd3ad4a3e762dfca345a7aa254ca32e74

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About: http://data.cimple.eu/news-article/72622929eeaaccb8c792e9cbd3ad4a3e762dfca345a7aa254ca32e74 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street continued to tumble Friday, with investors seen as hesitant to hold onto shares amid fears the new coronavirus outbreak in China could harm the global economy. More than 2,200 people have died from the disease in China, which has infected more than 75,000 people there and over 1,000 abroad. Countries have cut flights and shut borders with the world's second-largest economy, while some businesses have shuttered or slowed operations in China. Traders had pushed markets to record levels in recent sessions as fears about a significant economic hit from the virus eased, but that resolve cracked on Thursday when the three main indices finished down. The benchmark Dow Jones Industrial Average tumbled another 1.0 percent to 28,932.10 after about 30 minutes of trading. The broad-based S&P 500 also lost 1.0 percent to 3,338.94, and the tech-rich Nasdaq dropped 1.4 percent to 9,617.40. Analysts at Wells Fargo put the blame for the sell-off squarely on the virus. An increase in the number of new cases outside China "may be suggesting a wider regional epidemic, particularly in Japan and South Korea," analysts wrote. Stocks most battered in the decline were Microsoft, falling 2.3 percent, and Chevron, which dropped 1.8 percent. Tech stocks were also not immune: Facebook fell 1.3 percent, Amazon 1.7 percent, Google-parent Alphabet 1.0 percent and Apple, which said earlier in the week it would miss its quarterly earnings because of the virus, fell 1.0 percent. Federal Reserve Vice Chair Richard Clarida was upbeat about the US economy in comments Thursday, highlighting the "solid fundamentals." And recent regional business surveys show companies more optimistic about their prospects, with the Philadelphia Federal Reserve Bank's manufacturing index jumping to a three-year high. But Clarida also warned the virus, could have a "noticeable impact on Chinese growth," and if supply chains are disrupted by the outbreak, "that can show up in terms of inputs to the US economy." cs/hs
schema:headline	Virus worries send US stocks sliding further at open
schema:mentions	S&P 500 Index Chevron Corporation Wells Fargo Dow Jones Industrial Average Federal Reserve Ebola virus disease Philadelphia Apple Inc. South Korea Amazon rainforest Microsoft Virus Facebook China Severe acute respiratory syndrome coronavirus 2 Richard Clarida Economy of Japan NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-21 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	61 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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