Wall Street up for fourth day as China moves to limit coronavirus impact
Among S&P 500 sectors, communication services .SPLRCL and technology .SPLRCT led the way, while energy .SPNY fell the most.
“The outcome was fairly well telegraphed and I think widely believed, but it ends the chapter for now and I think that is a modest positive for investor sentiment,” said James Ragan, director of wealth management research at D.A. Davidson in Seattle. Kellogg shares slumped 8.5% after the breakfast cereal maker forecast full-year earnings that widely missed market expectations.
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