Stocks Ended Lower as Coronavirus Fears Reignited

U.S. stocks ended lower on Thursday, after China reported a large jump in new virus cases after it changed its methodology for measuring the outbreak. The Dow Jones Industrial Average fell 128.11 points, or 0.43%, to 29,423.31. The S&P 500 was off 5.51 points, or 0.16%, to 3,373.94. The Nasdaq Composite declined 13.99 points, or 0.14%, to 9,711.97.

Oil futures ended higher Thursday, extending their streak of gains to a third straight session, as the potential for OPEC+ output cuts fueled some optimism. West Texas Intermediate crude futures for March delivery tacked on 25 cents, or 0.5%, to settle at $51.42 a barrel, while April Brent crude rose 55 cents, or 1%, to $56.34 a barrel.

Roku Inc beat Wall Street estimates for quarterly revenue on Thursday, as the video streaming device maker benefited from the launch of streaming services from Walt Disney Co and Apple Inc in the quarter. Total net revenue rose about 49% to $411.2 million.The company posted net loss attributable to common stockholders of $15.7 million, or 13 cents per share, in the fourth quarter ended Dec. 31, compared with a profit of $6.8 million, or 5 cents per share, a year earlier.

About the Author

has written 12932 stories on this site.

Copyright © 2012 Nine Stocks