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U.S. Stocks Hit Record Despite Coronavirus Fears: Markets Wrap

  • Asia shares fall as China factory staff return; crude slides
  • Global death toll from illness rises to 910, higher than SARS
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The global death toll from coronavirus rises to more than 900, which is more than during the SARS outbreak.Source: Bloomberg
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U.S. equities started the week strong as investors looked past the potential economic hit from the spreading coronavirus to prepare for more corporate earnings.

The S&P 500 Index rose to a new high Monday, with most sectors advancing. Energy company shares proved the exception, declining as West Texas crude fell below $50 a barrel. Treasuries and European bonds edged higher, and the dollar held steady versus a basket of its major peers.