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1/31, 3:30 PM (Source: TeleTrader)
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Wall Street opens mostly lower amid coronavirus concerns

Major United States stock markets opened mostly lower on Friday after a global public health emergency of international concern was announced yesterday by the World Health Organization. Meanwhile, Chinese health officials reported 212 deaths caused by the coronavirus as the first confirmed cases were recorded in the United Kingdom and Russia earlier today.

Investors in the US were also focused on earnings reports from Chevron, Exxon, Phillips 66, Colgate-Palmolive and Caterpillar.

The Dow Jones Industrial Average index was 0.49% down at the open. Visa Inc. was the worst performer, losing 3.69% at 9:31 am ET.

The Nasdaq 100 rose by 0.36% at the beginning of the trading session as Amazon led the gains, surging 9.42% at 9:33 am ET and exceeding $1 trillion in market value after a strong earnings report.

The S&P 500 was 0.16% lower at the opening bell as Broadridge Financial Solutions Inc. dropped 6.92% at 9:31 am ET.

The euro increased by 0.20% against the dollar to trade at 1.10546 at 9:29 am ET.

Breaking the News / MS