About: http://data.cimple.eu/news-article/ebc11040cae577560502437584faf24a846014683f8e350e67a98023

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About: http://data.cimple.eu/news-article/ebc11040cae577560502437584faf24a846014683f8e350e67a98023 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	The S&P 500 and the Nasdaq surged to fresh records Wednesday following strong US jobs data as markets continued to bet the new coronavirus will not significantly crimp global growth. The broad-based S&P 500 jumped 1.1 percent to 3,334.69, while the tech-rich Nasdaq Composite Index gained 0.4 percent to 9,508.68. The Dow Jones Industrial Average also had a good day, climbing 1.7 percent to 29,290.85, just a bit short of a record. Additional companies, including Adidas and Nike, announced store closures in China as the number of cases exceeded 24,000 with nearly 500 deaths. Authorities in China warned they faced a severe shortage of hospital beds and equipment to treat the growing number of patients. J.J. Kinahan, chief market strategist at TD Ameritrade, predicted of the outbreak, "We will continue to see some volatility around it for a little bit until we have a more definite sense of what it means." Still, stocks have recovered thus far in February after several rocky sessions last month on worries over the virus. Analysts have expressed confidence the outbreak will be largely contained to China and that the economic harm will not be lasting. Tesla dropped 17.2 percent, giving back some gains following a massive rally that has more than tripled the electric car's valuation since October. Rival auto company Ford slumped 9.5 percent following disappointing results, while General Motors gained 1.9 percent after releasing solid results and a profit outlook that met analyst expectations. Among other companies reporting results, Merck dropped 2.9 percent, Disney slid 2.3 percent and Snap plunged 14.7 percent. Macy's gained 6.0 percent after it announced it would shutter 125 stores and slash 2,000 jobs over the next three years as part of a plan to shore up its financial position. jmb/cs
schema:headline	S&P 500, Nasdaq end at records as virus fears recede
schema:mentions	Variance S&P 500 Index Wind power by country Slid (Fluke song) Dow Jones Industrial Average Project Nike General Motors Adidas Merck Group Electric car Ford Motor Company Ebola virus disease Tesla Model 3 The Walt Disney Company Rallying China Severe acute respiratory syndrome coronavirus 2 Shanghaiing Christy Kinahan TD Ameritrade Fresh Records (UK) Movie projector NASDAQ Composite Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-05 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	56 (xsd:integer)

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