Wall Street hit by coronavirus concerns, weak earnings
NEW YORK - Wall Street struggled for direction on Thursday as investors digested mixed earnings and developing news about the coronavirus outbreak emanating from China.
Health officials in China put millions of people on lockdown in efforts to contain a coronavirus outbreak that has so far claimed 18 lives, but the World Health Organization announced it was “a bit too early” to declare the virus a global health emergency. The outbreak has strained global equity markets, just as millions of Chinese are preparing to travel ahead of the Lunar New Year.
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