Stock Market News: 2-15-20

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Market Indexes: The market is reacting first and foremost to news about the corona virus, even more than to earnings releases and economic reports. This week was an up week, as fears about the virus’s spread appeared to wane, along with perceived economic fallout.
“China’s National Health Commission on Wednesday said 2015 new cases of the disease caused by the new viral infection had been reported over the last 24 hours, declining for a second day. That brought the number of cases in mainland China to 44,653, although experts have warned that a substantial number may have gone uncounted. The commission said there were 97 additional deaths from the virus in the last 24 hours, bringing the mainland total to 1,113.” (MarketWatch)
“Investors are edging back into emerging markets, even though worries about the coronavirus’ impact on global economic growth have clouded prospects for the boom-and-bust asset class. Nearly $730 million flowed back into emerging markets exchange-traded funds (ETFs) in the past week, according to Lipper, after two straight weeks of outflows that accompanied sharp declines in the stocks and currencies of developing countries.  As of Friday, the coronavirus has infected 63,581 people and killed 1,380. Still, investors have grown more hopeful that economic damage will be limited.” (Reuters)

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