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Stock market news live: Stocks walloped by rising coronavirus cases, which near 10K – Yahoo Finance, Yahoo.com

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escalating spread of the coronavirus rattled global markets for another session, sending risk assets tumbling as investors assessed the current and future damage from the virus. –

“data-reactid=” 27 “type=” text “> 24: 16 pm ET: Dow drops 585 points amid coronavirus fears Stocks held lower during the intraday session, hit with fears over the Wuhan coronavirus.

Here were the main moves in markets, as of 23 PM ET:

(S&P) ( GSPC

  • ) : -1. % or – points to 3,

    (Dow) DJI

  • : -1. % or – 585 (points to ,

  • and the Nasdaq ^ IXIC

    • ) & nbsp; all down by at least 1%. “data-reactid=” (“type=” text “> Delta’s move to suspend all flights to China

    – amid reports that American Airlines may follow suit – he lp ratchet up coronavirus fears in the market. All major indexes are pinned at session lows in late morning trading, with the S&P (

    (^ GSPC ), Dow ^ DJI ) and the Nasdaq ( ^ IXIC

    ) all down by at least 1%.

    –

    9: am ET: Amazon returns to trillion-dollar market-cap club as shares soar 8%

    Amazon ( AMZN

  • handily topped consensus expectations in fourth-quarter earnings results, dazzling the Street and pushing shares above $ 2, 0 apiece. The company market capitalization jumped back above $ 1 trillion, joining the likes of Apple, Microsoft and Google-parent Alphabet. (Amazon’s fourth-quarter earnings per share totaled $ 6.) , well above consensus estimates for $ 4. 23. The company returned to year-over-year earnings growth, after last quarter posting a decline as high costs from ramping up one-day shipping bit into profitability. Fourth-quarter revenue of $ 93. 6 billion was also ahead of the $
  • (billion expected.)

    “data-reactid=” 47 “type=” text “> READ MORE –

    9: am ET: Caterpillar shares fall around market open as company warns of continued uncertainty

    Dow-component Caterpillar (

    CAT posted a fourth- quarter earnings beat, but its outlook disappointed as the company warned against future demand concerns stemming from an uncertain economic backdrop. Shares extended losses from early trading and opened about 2% lower.

    (Fourth-quarter adjusted earnings were $ 2.) per share, topping estimates for $ 2. . Caterpillar said this was driven by cost controls rather than an increase in sales volumes, with fourth-quarter revenue of $ 25 billion falling 8% over last year. Caterpillar expects full-year 9520 earnings per share will be in a range of $ 8 . to $ 17, or short of the $ . expected. “We expect continued global economic uncertainty to pressure sales to users in 9520 and cause dealers to further reduce inventories, ”CEO Jim Umpleby said in a statement.

    View photos

    The CAT logo is seen on the back of a Caterpillar machine on a lot at Milton CAT in North Reading, Massachusetts January , . Caterpillar, the world’s largest maker of tractors and excavators, took a $ million charge last week as a result of “accounting misconduct” at a unit of a Chinese mining equipment company it bought last year. REUTERS / Jessica Rinaldi (UNITED STATES – Tags: BUSINESS CONSTRUCTION LOGO)

    –

  • Exxon Mobil and Chevron posted mixed results for their fiscal fourth quarters, extending concerns for domestic players in the energy sector.

    XOM delivered adjusted earnings per share of 49 cents, missing expectations by 2 cents for the quarter. This, however, excluded the positive impact of a one-time $ 3.7 billion gain from selling its assets in Norway as part of a broader divestment plan in Europe. Fourth-quarter revenue of $ . 2 billion was well ahead of the $ 72. 2 billion expected. Natural gas volumes were down 4% over last year, driven by declines in global gas prices as supplies rise. Overall production topped 4 million barrels a day of oil equivalent. “Data-reactid=” 88 “type=” text “> Exxon Mobil ( (XOM) ) delivered adjusted earnings per share of 50 cents, missing expectations by 2 cents for the quarter. This, however, excluded the positive impact of a one-time $ 3.7 billion gain from selling its assets in Norway as part of a broader divestment plan in Europe . Fourth-quarter revenue of $ 2 billion was well ahead of the $ 70 .2 billion expected. Natural gas volumes were down 4% over last year, driven by declines in global gas prices as supplies rise. Overall production topped 4 million barrels a day of oil equivalent.

    (

    CVX posted fourth-quarter sales that missed estimates, while adjusted earnings per share of $ 1. were ahead of expectations by 4 cents. However, on an unadjusted basis, Chevron’s loss of $ 6.6 billion was the largest in a decade, driven by a $ 21 4 billion write-down of the value of its investments in natural gas fields in North America. Chevron’s production topped 3 million barrels a day of oil equivalent for the first time ever. “Data-reactid=” (“type=” text “> Chevron ( (CVX) ) posted fourth-quarter sales that missed estimates, while adjusted earnings per share of $ 1. 63 were ahead of expectations by 4 cents. However, on an unadjusted basis, Chevron’s loss of $ 6.6 billion was the largest in a decade, driven by a $ 22. 4 billion write-down of the value of its investments in natural gas fields in North America. Chevron’s production topped 3 million barrels a day of oil equivalent for the first time ever.

    7) am ET: British pound climbs with Brexit departure due today It’s Brexit Day overseas, with the United Kingdom due to leave the European Union at 6 pm eastern time ( (pm GMT) on Friday, more than three-and-a-half years after the Brexit referendum.

    Britain, a member of the EU since , is poised to leave the bloc with countries remaining. The UK and EU will enter a transition period through the end of 9520, allowing people and trade to flow between borders as usual, while British and EU negotiators try to come to a longer-term free trade deal by the end of the year.

    Friday morning eastern time. The Bank of England’s monetary policy decision to hold interest rates unchanged on Thursday, when a cut had been expected by some, further supported the currency. “Data-reactid=” 95 “type=” text “> The British pound climbed 0.2% to 1. against the euro GBPEUR=X

    ) And 0.3% to above 1. 39 against the US dollar ( GBPUSD=X Friday morning eastern time. The Bank of England’s monetary policy decision to hold interest rates unchanged on Thursday, when a cut had been expected by some, further supported the currency.

    (READ MORE)

    – (7:) am ET: Stock futures fall as coronavirus spreads further US stock futures tumbled as fears over the coronavirus continued to brew.

    declared the virus an international emergency Thursday afternoon as the outbreak spread well beyond China. As of Friday, the number of confirmed global cases jumped by more than 2, (0 to near

    , 17 0. The virus has led to more than 385 deaths worldwide to date. “data-reactid=” (“type=” text “> The World Health Organization

    declared the virus an international emergency

    Thursday afternoon as the outbreak spread well beyond China. of Friday, the number of confirmed global cases jumped by more than 2, 0 to near

    , 0. The virus has led to more than (deaths worldwide to date.

    Here were the main moves during the pre-market session, as of 7: 45 am ET:

    S&P futures ( ES=F

  • CL=F
    : ($) (per barrel, up $ 0.) or 0. (%)

    (Gold) GC=F

    : $ 1, . per ounce, down $ 5. 49 or 0. (%)