DJ The Dow Drops 141 Points as Second U.S. Coronavirus Case Is Confirmed -- Barrons.com

By Ben Walsh

Sliding. The three major U.S. stock market indexes fell as the second case of coronavirus in the U.S. was confirmed by American authorities, and China continued to lock down multiple cities as it tries to control the disease.

The Dow Jones Industrial Average was down 141 points, or 0.5%. The S&P 500 dropped 0.7% and the Nasdaq Composite lost 0.6%.

Midday Movers

Intel (ticker: INTC) jumped 8.5% after the chipmaker's earnings beat estimates.

American Express (AXP) gained 2.4% after the company reported strong earnings and fast-growing fee revenue.

Synchrony Financial (SYF) lost 9.4% after the private label-credit card company reported that its revenue from interest, fees, and loans dropped year over year.

Discover Financial Services (DFS) fell 9.3% after it reported earnings in line with expectations and offered higher-than-expected expense guidance for 2020, which led to downgrades from Evercore ISI and Piper Sandler.

Wynn Resorts (WYNN) was down 3.5% as investors feared that the coronavirus outbreak will cut into gambling activity in Macau.

Write to Ben Walsh at ben.walsh@barrons.com

(END) Dow Jones Newswires

January 24, 2020 13:13 ET (18:13 GMT)

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