Virus fears grip markets as stocks slide worldwide
Markets faced a sharp drop as the fast-spreading virus fueled fears of prolonged economic fallout. The S&P 500 fell 106.18 points to 3023.94, the Dow slipped 969.58 to 26121.28, and the Nasdaq lost 279.49, amid record-low Treasury yields and broader risk assets retreating globally. California declared a statewide emergency, airline revenue risks loomed, and China showed signs of reopening as infections outside China surged.
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Treasury
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China
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California
Facebook
Seattle
Chris Beauchamp
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Dow Transportation
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S&p
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Insurers to cover coronavirus tests amid cost doubt
The U S health system moves to cover coronavirus tests under Medicare Medicaid and marketplace plans while insurers urge patients to check their policies for copays and deductibles. State regulators in Washington order no charges for tests and officials say broad access is the goal though coverage scope remains debated.
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Art Van Furniture to close all company stores in liquidation
Roundup reports Art Van Furniture will shutter all company owned stores across at least five states as the Detroit area retailer moves toward liquidation after more than six decades in business. Liquidation sales expected to begin Friday after Arch ie Van Elslander founded the chain in 1959 and it later sold in 2017. Stores in Michigan Illinois Indiana Missouri and Ohio slated to close.
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