S&P 500 and the Nasdaq inched to their second consecutive record closing highs o...
NEW YORK - S&P 500 and the Nasdaq inched to their second consecutive record closing highs on Tuesday as Chinese officials said the deadly coronavirus epidemic could be contained by April.
The World Health Organization, or WHO, called the Chinese coronavirus “public enemy number one.” But China’s foremost medical adviser on the outbreak said the crisis could be over by April, soothing jitters over the fast-moving epidemic, even as supply chains ruptured and Chinese firms began laying off workers.
Market participants watched closely as U.S. Federal Reserve Chair Jerome Powell began his semiannual economic update before congress. The Dow Jones Industrial Average was flat, the S&P 500 gained 5.66 points, or 0.17%, to 3,357.75 and the Nasdaq Composite added 10.55 points, or 0.11%, to 9,638.94.
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