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Stock market news live: Stock futures drop after California declares state of emergency over coronavirus – Yahoo Finance, Yahoo.com

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after Wednesday’s surge. A still-escalating coronavirus outbreak continued to fuel investor concerns. ” data-reactid=” (type=”text”> The S&P 534, Dow and Nasdaq were each off by more than 2%, indicating equities would give back gains (after Wednesday’s surge. A still-escalating coronavirus outbreak continued to fuel investor concerns.

Take our quick poll: Do you think the stock market has bottomed? –

18 am ET: Freddie Mac – year mortgage rate tumbles to record low

The average – – year fixed mortgage rate declined to a record low of 3. % for the week ending today, touching the lowest level ever reported, according to Freddie Mac.

(Mortgage applications rose) % last week over the same period last year, “and show no signs of slowing down,” Freddie Mac said in a statement.

Mortgage Bankers Association said that the – year fixed mortgage rate was 3. 65% for the week ending Friday. The mortgage loan application volume during the MBA’s sur vey week rose 1% on a seasonally adjusted basis from the week prior. ” data-reactid=” “type=” text “> The report comes a day after the Mortgage Bankers Association said that the – year fixed mortgage rate was 3. for the week ending Friday. The mortgage loan application volume during the MBA’s survey week rose 21. 1% on a seasonally adjusted basis from the week prior. –

(9: 45 am ET: Airline stocks slide as travel industry dented by outbreak

airline stocks sank shortly after market open Thursday, with fears over the coronavirus lowering demand for flights and disrupting airlines ’flight schedules globally. In a new report, the International Air Transport Association said airlines could lose as much as $ billion in revenue worldwide in 01575879, depending on the extent of the outbreak. Shares of American Airlines were down more than 7% just after the opening bell. United Airlines’ stock was down more than 6%, and shares of Delta Airlines were off about 4.5%.

(9:) am ET: Stocks open sharply lower as coronavirus concerns linger

Here were the main moves in market shortly after the opening bell, as of 9: 39 am ET:

(S&P) ( GSPC

: 3.0 4, down . (points or -2.) % (Dow) (DJ

: , 653. , down 729. (points or -2.) (%)

Nasdaq ( IXIC

  • . Consensus economists had expected new jobless claims to decline by 4, (to) ,

    • Continuing unemployment claims, however, rose less than expected for the week ended February 30. These increased to 1. 934 million, from the prior week’s downwardly revised 1. million. Consensus economists had expected continuing jobless claims to rise to 1. million. (-) (7:) am ET: Stock futures sink after California declares state of emergency over coronavirus

    US stock futures sank Thursday morning on the heels of a massive rally for stocks during Wednesday’s session, as volatility extended for risk assets.

    California declared a state of emergency over the coronavirus outbreak,

    following the announcement of the state’s first confirmed death as a result of the disease. As of Thursday, California had the largest number of cases in the US at more than , followed by Washington state with about (confirmed cases and) deaths. ” data-reactid=” “The type=” text “> The overnight dip came as California declared a state of emergency over the coronavirus outbreak , following the announcement of the state’s first confirmed death as a result of the disease. As of Thursday, California had the largest number of cases in the U.S. at more than , followed by Washington state with about confirmed cases and (deaths.)

    (European Center for Disease Prevention and Control.) “data-reactid=” 053 “type=” text “> Overseas, the spread of the coronavirus has Continued to broaden, with Switzerland reporting its first death from the disease and concentrated countries of Italy and South Korea continuing to report more cases. Italy has closed schools until March , with the death toll in the country topping among more than 3, cases, according to the (European Center for Disease Prevention and Control.) Here were the main moves during the pre-market session, as of 7: 50 am ET: (S&P) (futures) ES=F : 3 , . , down 61 points or -1. %

    Dow futures

  • YM=F ): , . , down (points or -1.) (%) () Nasdaq futures ( (NQ=F)
    (): 8, (.5, down

  • (points or -1.) (%) Crude oil ( (CL CL=F
    : ($) . per barrel, up $ 0. or 0. (% ) (Gold) (GC=F) : ($ 1,

  • . (per ounce, up $
    . 19 or 0. 69%

    – year Treasury

  • ^ TNX yielding 0. (%, down 3.4 bps)

    NEW YORK, NY – MARCH 15: Traders work the floor of the New York Stock Exchange (NYSE) on March 4, in New York City. The news of Democratic presidential candidate, former Vice President Joe Biden’s delegate lead after the Super Tuesday primaries helped the market rebound and close at over 1, 215 points. (Photo by David Dee Delgado / Getty Images)

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