S&P 500, Dow little changed amid coronavirus worries; Nvidia forecast buoys Nasdaq

  • 2/5/2023
  • 06:55
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New York, Feb 14, 2020, SPA -- The S&P 500 and the Dow barely moved on Friday, as worries over an economic hit from the coronavirus outbreak refrained investors from making big bets ahead of a long weekend, while gains in Nvidia shares kept the Nasdaq in positive territory. Adding to the downbeat sentiment were a Commerce Department retail sales report showing consumer spending likely slowed further in January and data indicating industrial production fell more than expected last month. Meanwhile, the coronavirus epidemic in China showed no signs of easing, with health authorities reporting more than 5,000 new cases on Friday. A recent Reuters poll showed the world's second-biggest economy will grow at its slowest pace since the financial crisis in the current quarter but the downturn will be short-lived if the outbreak is contained. --More 19:29 LOCAL TIME 16:29 GMT 0012 www.spa.gov.sa/w1266209

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