Stock market live updates: Dow drops 200, all eyes on Tesla, coronavirus names fall

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The Dow dropped about 200 points, hitting its low of the day, after the Centers for Disease Control and Prevention confirmed the 15th case of coronavirus infection in the United States. The S&P 500 is last down 0.4%. — Li

With the S&P 500 trading in the red this morning, the index could be headed for its worst Thursday in several months. Bespoke Investment Group pointed out on Twitter that the index has not had a negative Thursday since before Thanksgiving. The S&P 500 slipped 0.16% on Nov. 21.The index is down roughly 0.22% in earning trading. That would mark the worst Thursday since Oct. 31, when the S&P 500 fell 0.3%. — Pound

Shares of Tesla erased early losses and are now trading in the positive territory after the electric auto maker said it plans a $2 billion common stock offering. The stock recovered as analysts and investors cheered the move as a way to shore up its balance sheet and possibly further expansion plans. Shares of Tesla fell as much as 6% in premarket trading following the announcement. —Li

The Dow fell about 123 points at the open, slipping from a record high reached in the previous session. The S&P 500 is down 0.3%, while the Nasdaq dipped 0.5%. The losses came as a sharp rise in reported coronavirus cases fueled concerns that the epidemic would disrupt the global economy. Travel companies with high China exposure led the decline, with Wynn Resorts and Las Vegas Sands down 2% each. Tesla is down 2.3% at the open.— Li

Source: https://www.cnbc.com/2020/02/13/stock-market-today-live.html

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