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Wall Street's main indexes started the day in the negative territory on Thursday as the rising number of coronavirus infections outside of China, namely Japan and South Korea, forced investors to reassess the impact of the epidemic on the global economy.
As of writing, the Dow Jones Industrial Average and the S&P 500 were both down 0.2% on the day while the Nasdaq Composite was erasing 0.4%.
Among the 11-major S&P 500 sectors, the Energy Index is the only one in the negative territory boosted by rising crude oil prices. At the moment, the barrel of West Texas Intermediate is up 1% on the day at $54.05. On the other hand, the risk-sensitive Technology Index is down 0.25 and the Financials Index, which seems to be underperforming amid a 1.8% drop in 10-year US T-bond yields, is erasing 0.2% in the early trade.