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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
Bloomberg business news
The global death toll from coronavirus rises to more than 900, which is more than during the SARS outbreak.Source: Bloomberg
Updated on

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.