GET TRENDING FINANCIAL NEWS AND INSIGHTS FIRST

Dipped. Stocks sold off on Friday on fears of COVID-19’s spread outside of China increase. Weak PMI’s brought the bears back to the markets.

Breathe… strategically. Stocks traded down yesterday as investors were reminded that COVID-19 could have business impacts. A Fed official threw water on the prospect of emergency rate cuts.

Zig zag zig…. Stocks zigged up yesterday as China pumped more economic stimulus into its economy and newly reported cases of COVID-19 appear to be slowing. The Fed is happy with its policy and homebuilders are busy, really busy.

Supercharged. Apple took a bite out of the equity markets yesterday after it announced that it would miss guidance as a result of the Coronavirus. Investors remain cautiously optimistic about the virus’ impact on stocks, despite warning signals.

Where there’s smoke. Stocks ended up mostly unchanged on Friday ahead of the three-day break as investors remained unsure about what impact the virus might have on company performance. Consumers appear to be confident but they might be buying less.

Lingering effects. Stocks slipped yesterday, pausing from their ascent to fresh highs, as investors re-evaluated, once again, the risks of the Coronavirus. Stock investors are still not sure if this latest leg up in the market is justified but they remain cautiously optimistic.