Wall Street Might Bleed-out On Corona Fear
Major U.S. stocks closed mostly lower on Wednesday. The Nasdaq closed up 15.16 points or 0.2 percent at 8,980.77, the Dow slid 123.77 points or 0.5 percent to a four-month closing low of 26,957.59 and the S&P 500 fell 11.82 points or 0.4 percent to a nearly three-month closing low of 3,116.39.
On the economic front, the Commerce Department's Durable Good Orders for January will be released at 8.30 am ET. The consensus for new orders is a decline of 1.2 percent, while it was up 2.4 percent.
Gross Domestic Product for the fourth quarter will be issued at 8.30 am ET. The consensus is for an increase of 2.1 percent, unchanged from the prior year. GDP price for the quarter on quarter is expected to increase 1.4 percent.
On the economic front, the Commerce Department's Durable Good Orders for January will be released at 8.30 am ET. The consensus for new orders is a decline of 1.2 percent, while it was up 2.4 percent.
Gross Domestic Product for the fourth quarter will be issued at 8.30 am ET. The consensus is for an increase of 2.1 percent, unchanged from the prior year. GDP price for the quarter on quarter is expected to increase 1.4 percent.
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