Stock market live updates: Stocks falling fast to lows, gold 7-year high, E-Trade surges

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Stocks moved rapidly to the lows of the day. It was unclear of the catalyst though shares of Intel (down 3%) and Goldman Sachs (down 2%) are leading the way. The Dow is now down 150 points.—Melloy

Vehicle auction company Copart was one of the worst performers in the S&P 500 in early trading after missing estimates for its fiscal second quarter. Shares of the company fell roughly 11% to under $93 per share after reporting adjusted earnings per share of 65 cents and $575.1 million of revenue. Wall Street analysts expected 66 cents per share and $576.1 million of revenue, according to FactSet. Copart’s vehicle sales fell by nearly $3 million compared with the same period last year. —Pound

Gold rose 0.5% to $1,621.60 per ounce on Thursday, its highest level since Feb. 15, 2013. The metal is on pace for its sixth straight positive day, and eighth positive week in nine. As the coronavirus outbreak continues, investors fearing a slowdown in global growth are piling into so-called safe haven trades such as gold. —Francolla, Stevens

Shares of Virgin Galactic rose as much as 5% as investors continued to trade the stock at a breakneck pace. More than 10 million shares of Virgin Galactic changed hands in the first five minutes of Thursday trading, according to FactSet, more than half the stock’s daily average volume. — Sheetz

Source: https://www.cnbc.com/2020/02/20/stock-market-today-live.html

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