Despite the ongoing uncertainty over the coronavirus outbreak in China and across the world, investors have been willing to buy back into the US market after a dip. The S&P 500 has ended higher the past two weeks and is holding onto a 4.5 percent gain this month. For the most part, investors are betting that the economic fallout from the outbreak will be limited to the first three months of this year, said Randy Frederick, vice president of trading & derivatives at Charles Schwab. “We’re going to see that for a while, until we have a really big downturn and people really get hurt by it. We just haven’t had that in a long time.”Technology stocks accounted for a big slice of the selling Tuesday.

Source: The Standard February 19, 2020 02:03 UTC