US stocks end mostly lower as Covid19 causes uncertainty

Tuesday, 18. February 2020 22:00

Shares on the United States markets traded mostly lower at the close on Tuesday with the coronavirus still causing uncertainties in the United States 2020 economic growth forecast. Meanwhile, WHO informed it will take up to 18 months to create a vaccine for Covid-19. The virus also negatively affected businesses in the country, as reports suggested Apple will move its production from China to Taiwan, while probably delaying the release of a new iPhone.

The Dow Jones dropped 0.56% at the closing bell. Apple was among the top losers, as its shares fell 1.83%. The S&P 500 decreased by 0.29% at the finish, with Vulcan Materials sinking 6.64%. On the other hand, the Nasdaq 100 was 0.06% higher at the end, as Tesla's shares surged 7.30%.

The euro traded flat against the dollar, selling for $1.07949 at 4:03 pm ET.

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Breaking the News / ND