Wall Street closes mostly higher amidst coronavirus fears

Thursday, 23. January 2020 22:00

Shares on major United States stock indices ended Thursday's session mostly in the green as investors focused on trade and developments at the World Economic Forum in Davos. In politics, the United States Treasury Department announced new sanctions against Iran, targeting six companies and two individuals. Meanwhile, the US Department of Labor reported that initial jobless claims in the United States for the week ending January 18 increased by 6,000 to 211,000. On the health front, despite growing cases of coronavirus worldwide and related concerns, the World Health Organisation (WHO) stated that a global health emergency regarding the new strain of the coronavirus originating in China will not be announced yet.

The Dow Jones Industrial Average index was down 0.09% at 4:00 pm ET, with Travelers Companies Inc. emerging as the worst performer on the index, dropping 5.06%. The Nasdaq 100 increased 0.31%, while the S&P 500 advanced 0.11% as the session drew to a close with Citrix Systems leading both indices and gaining 7.76%.

The euro was flat against the dollar, going for 1.10564 at 4:08 pm ET.

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