Stock marketplace news live: S&P 500 breaks 3 day winning strain as coronavirus fears reignite

The SP 500 was on lane to snap a three-day winning streak, as fears over a coronavirus flared before mostly recuperating losses.

4:04 p.m. ET: SP 500 breaks 3-day winning strain as coronavirus fears reignite

Here’s where a vital indices had staid as of 4:04 p.m. ET:

  • SP 500 (^GSPC): -0.16% or -5.47 points to 3,373.98

  • Dow (^DJI): -0.43% or -128.04 points to 29,423.38

  • Nasdaq (^IXIC): -0.14% or -13.99 points to 9,711.97

  • Crude oil (CL=F): +0.84% or +0.43 to 51.60 a barrel

  • Gold (GC=F): +0.44% or +6.90 to 1,578.50 per ounce

2:11 p.m. ET Judge temporarily blocks Microsoft Pentagon cloud contract

A decider temporarily blocked a JEDI cloud agreement that was won by Microsoft (MSFT) and that Amazon (AMZN) had disputed, CNBC reports. Shares of Microsoft sole off some-more than 1% after a report, while shares of Amazon incited positive.

11:33 a.m. ET: PepsiCo CFO says coronavirus has had tiny outcome on sales to date

At slightest for now, PepsiCo’s (PEP) bearing to China’s coronavirus conflict looks contained given a company’s comparatively tiny bearing to a country.

“Obviously a really formidable conditions there,” PepsiCo CFO Hugh Johnston pronounced on Yahoo Finance’s The First Trade. ”We have 6 plants there, and 5 are adult and running. We indeed design a Wuhan plant to be adult and using in a entrance days as well. We were tighten down for a duration of time entrance out of Chinese New Year, though we seem to be removing behind to adult and using a bit.”

Earlier Thursday, a food and libation hulk reported fourth-quarter sales and gain that surfaced expectations, delivering core gain per share of $1.45 on net income of $20.64 billion. However, a company’s 2020 core EPS superintendence of $5.88 trailed accord estimates for $5.95.

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11:27 a.m. ET: Stocks prune some losses

The 3 vital U.S. indices were off a lows of a day, though still hold in a red during intraday trading,

Here were a categorical moves in markets, as of 11:29 a.m. ET:

  • SP 500 (^GSPC): -0.07% or -2.27 points to 3,377.18

  • Dow (^DJI): -0.26% or -77.01 points to 29,474.41

  • Nasdaq (^IXIC): -0.04% or -4.23 points to 9,721.8

  • Crude oil (CL=F): +$0.37% or +$0.19 to $51.36 a barrel

  • Gold (GC=F): +0.49% or +$7.70 to $1,579.30 per ounce

9:31 a.m. ET: Stocks open reduce after coronavirus cases surge

The 3 vital domestic batch indices fell after China’s Hubei range announced it was changing a approach it diagnosed and counted coronavirus cases, heading to a swell in new cases.

Declines in a Dow were led by a 5.5% dump in shares of Cisco, after a networking association reported another dump in quarterly income and guided toward serve sales declines. Cisco reported quarterly formula after marketplace tighten Wednesday.

Here were a categorical moves in markets, as of 9:32 a.m. ET:

  • SP 500 (^GSPC): -0.55% or -18.49 points to 3,367.31

  • Dow (^DJI): -0.5% or -148.83 points to 29,402.59

  • Nasdaq (^IXIC): -0.58% or -55.11 points to 9,670.51

  • Crude oil (CL=F): +$0.37% or +$0.19 to $51.36 a barrel

  • Gold (GC=F): +0.41% or +$6.40 to $1,578.00 per ounce

9:12 a.m. ET: Alibaba CEO calls coronavirus predicament a ‘black swan’ event

Chinese e-commerce hulk Alibaba Group’s CEO Daniel Zhang characterized the widening coronavirus crisis as a “black swan event” on Thursday, warning that a conflict has potentially tellurian implications.

During a call with analysts deliberating a company’s fiscal third-quarter results that kick expectations, Zhang pronounced that a coronavirus presents “near term” hurdles to Alibaba’s businesses that will have “significant impact” on China and beyond.

The comments came amid quarterly formula for a Chinese association that surfaced accord expectations, with earnings, sales and mobile monthly active users any entrance in improved than anticipated.

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8:30 a.m. ET: Jobless claims arise reduction than approaching for week finished Feb. 8

New stagnation claims rose by 2,000 to 205,000 for a week finished Feb 8, a Labor Department pronounced Thursday. This was next expectations for a burst to 210,000 new jobless claims, according to Bloomberg-compiled accord data.

The four-week relocating normal for jobless claims – a reduction flighty magnitude of underlying trends – was unvaried from final week’s 212,000, that had been a lowest turn given July.

Continuing stagnation claims rose by 1.698 million for a week finished Feb 1, good next a before week’s arise of 1.759 million. Consensus economists approaching this to arise to 1.734 million for a many recently reported week.

8:30 a.m. ET: Consumer prices post biggest 12-month arise given Oct 2018 in January

Consumer prices posted their largest 12-month boost in some-more than a year in January, as prices for shelter, food and medical caring services jumped.

The Labor Department’s title consumer cost index rose by 2.5% over final year in January, commanding expectations for a 2.4% boost and December’s 2.3% rise. But over final month, consumer prices rose by usually 0.1%, or somewhat brief of a 0.2% arise anticipated.

Excluding some-more flighty food and appetite prices, CPI rose 2.3% over final year, or larger than a 2.2% boost expected. CPI incompatible food and appetite was adult 0.2% over final month, relating expectations.

7:54 a.m. ET: Tesla shares decrease after announcing devise to emanate $2 billion of common stock

Tesla (TSLA) will emanate $2 billion of common batch in a open offering, with CEO Elon Musk set to buy adult to $10 million value of shares, a association pronounced in a matter Thursday. Larry Ellison, Tesla house member and co-founder of Oracle, will buy adult to $1 million of common stock.

The electric car-maker pronounced it intends to use a deduction from a charity to “further strengthen a change sheet, as good as for ubiquitous corporate purposes.”

Shares of Tesla sank 5% to $729 per share in early trading. The batch rose 83% for a year to date by Wednesday’s close.

7:42 a.m. ET: Kraft Heinz posts steeper than approaching 4Q organic income decline 

Kraft Heinz (KHC) posted mixed fourth-quarter results, commanding gain expectations though blank accord estimates for closely watched organic sales growth. 

Fourth-quarter organic income fell 2.2%, or steeper than a 1.33% dump anticipated. Adjusted gain were 72 cents per share in a fourth quarter, or 4 cents forward of expectations.

Kraft Heinz is in a midst of an endless turnaround devise initial announced during a start of a fourth quarter. The consumer finished dishes association is also entrance off a hilly year: Last February, it wrote down a value of a Kraft and Oscar Meyer brands by $15 billion and slashed a dividend, and a first-quarter 2019 financial formula were behind due to an SEC review into a accounting and buying practices.

CEO Miguel Patricio pronounced Kraft Heinz turnaround “will take time” though that he expects a association will “make poignant swell in 2020.”

7:38 a.m. ET: Stock futures decrease after series of coronavirus cases upwardly revised

U.S. batch futures tumbled Thursday morning after China announced a swell in additional cases of a coronavirus among patients diagnosed with a new contrast method.

China’s Hubei inhabitant health elect pronounced it will now count coronavirus cases diagnosed by methods including CT imaging scans. Previously, it had usually counted cases found with nucleic poison contrast kits.

The new process led to a spike in a series of reliable coronavirus cases, after days of an apparent slack in new patients had led many to trust a conflict was peaking. Hubei combined scarcely 15,000 new cases on Thursday, with 13,332 of these found by a new process of diagnosis. Global cases of a coronavirus totaled 60,330, according to a European CDC Thursday morning, along with 1,369 deaths.

Here were a categorical moves during a pre-market session, as of 7:38 a.m. ET:

  • SP 500 futures (ES=F): 3,356.75, down 23.75 points or 0.7%

  • Dow futures (YM=F): 29,309.00, down 214 points or 0.72%

  • Nasdaq futures (NQ=F): 9,541.25, down 84.5 points or 0.88%

  • Crude oil (CL=F): $51.03 per barrel, down $0.14 or 0.27%

  • Gold (GC=F): $1,577.50 per ounce, adult $5.90 or 0.38%

A child wearing a face facade waves a Chinese inhabitant dwindle as he sits on a hiker in Beijing on Feb 13, 2020. - The series of deaths and new cases from China's COVID-19 coronavirus conflict peaked dramatically on Feb 13 after authorities altered a approach they count infections in a pierce that will expected fuel conjecture that a astringency of a conflict has been under-reported. (Photo by STR / AFP) (Photo by STR/AFP around Getty Images)A child wearing a face facade waves a Chinese inhabitant dwindle as he sits on a hiker in Beijing on Feb 13, 2020. - The series of deaths and new cases from China's COVID-19 coronavirus conflict peaked dramatically on Feb 13 after authorities altered a approach they count infections in a pierce that will expected fuel conjecture that a astringency of a conflict has been under-reported. (Photo by STR / AFP) (Photo by STR/AFP around Getty Images)

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