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Wall Street slides as data shows early business impact of coronavirus

Declines on Friday were led by heavyweights Microsoft Corp, Amazon.com Inc and Apple Inc for a second straight day

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Wall Street slips | Business services | Coronavirus

Reuters 

U.S. stock indexes fell on Friday after data showed U.S. business activity stalled in February, and a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds. A flash reading of the IHS Markit services sector Purchasing Managers' Index dropped to its lowest level since October 2013, signalling a contraction for the first time since 2016. The manufacturing sector also clocked its lowest reading since August. Declines on Friday were led by heavyweights Microsoft Corp, Amazon.com Inc and Apple Inc for a ...

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First Published: Fri, February 21 2020. 21:37 IST
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