Defensive Stocks Buoy Wall Street

Credit: Wochit News
Published on February 13, 2020 - Duration: 00:35s

Defensive Stocks Buoy Wall Street

(Reuters) - Gains in defensives helped U.S. stocks bounce off session lows on Thursday, even as sentiment remained fragile after a spike in new coronavirus cases in China renewed worries over the scale of the epidemic and its likely impact.

The S&P 500 fell as much as 0.6% in early trading after China reported a record spike in deaths and thousands more infections using a new diagnosis method at Hubei, the epicenter of the outbreak.

Advertisement

You are here

Recent related videos from verified sources

Wall St. gains as oil rally offsets jobless surge 02:03
Credit: Reuters Studio - Published 55 minutes ago 

Stocks and Oil Rise β€” What Wall Street’s Saying Now 01:42
Credit: The Street - Published 4 hours ago 

You might like