U.S. stocks are mixed as conflicting signals in recent days about the containment of the coronavirus outbreak and its potential economic impact subdued investor sentiment.
China has stepped up efforts to limit the economic impact of the viral outbreak by lowering both short- and long-term lending rates this week. The central bank also plans to offer credit support to businesses hurt by the epidemic, while the government earlier in the week pledged other forms of assistance including technological aid in bolstering supply chains. Despite those steps, investors remain concerned about the extent of the damage to the economy.
All eyes are on the number of casualties and the efforts being made to curtail the virus’s spread, as markets ebb and flow with each fresh piece of news on the outbrea.