Stocks Advance After Virus-Triggered Sell-Off: Markets Wrap

(Bloomberg) — Stocks climbed alongside U.S. index futures after China took steps to contain the spread of a deadly virus that had rattled international markets. Haven assets retreated.Gains in utilities and media shares led the Stoxx Europe 600 Index higher at the open, taking a cue from Asia, where the major markets rebounded. Shanghai shares erased losses after Beijing said it will start a nationwide screening effort to tackle the outbreak. Contracts on the three main U.S. equity indexes all ticked higher.Treasuries and the yen dipped after gaining Tuesday on news of the contagion and potential disruption to spending during …read more

Source:: Yahoo Finance

      

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