NASDAQ has its worst day since August. Fears about coronavirus send major indices lower.
Major indices are ending the session sharply lower. The Dow and S&P had their worst day since October. The NASDAQ index fared even worse with its worst day since August.
The final numbers are showing:
- S&P index -51.89 points or -1.57% to 3243.57. The high reached 3258.85. The low extended to 3234.50 (early in the session).
- NASDAQ index fell -175.60 points or -1.89% to 9139.30. The high reached 9185.449. The low extended to 9088.043.
- Dow industrial average fell -453.93 points or -1.57% to 28535.80. The high reached 28671.79. The low extended to 28440.47.
Some losers on the day included:
- United Airlines, -5.26%
- Schlumberger, -5.06%
- Broadcom, -4.69%
- Nvidia, -4.12%
- Intel, -4.07%
- Micron, -4.04%
- Alibaba, -3.78%
- Intuitive Surgical, -3.65%
- FedEx -3.65%
- DuPont, +3.4%
- Delta airlines -3.38%
- Caterpillar, -3.35%
- American Express, -3.32%
- Disney, -3.05%
- Apple -2.93%
Winners in a huge down day included:
- Beyond Meat, +4.43%
- Chewy, +1.79%
- target, +1.29%
- Walmart, +1.28%
- Gilead, +1.12%
- Pfizer, +0.8%
- Procter & Gamble, +0.42%
- Walgreens Boots, +0.35%
- Stryker, +0.16%
- Merck, +0.16%
Whirlpool is reporting and beat of $4.91 versus estimate of $4.27. Revenues fell short of expectations at 5.38 billion versus 5.52 billion estimate. Whirlpool shares are trading at $149 per share that's up $0.77 or 0.52%.
Earnings releases pickup tomorrow with 3M, Starbucks, Apple, Pfizer and Lockheed Martin as some of the key releases.
Other key releases this week include:
- Wednesday: Tesla, McDonald's, Microsoft, Boeing, Facebook
- Thursday: Amazon, UPS, Coca-Cola, Electronic Arts, Biogen
- Friday: Chevron, Honeywell, Caterpillar, Exxon Mobil, Colgate-Palmolive