Coronavirus live updates: California monitoring 8,400 people, stocks continue free fall

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All times below are in Eastern time.

  • Total confirmed cases: More than 82,500
  • Total deaths: At least 2,810

U.S. stocks continued their free fall in volatile trading as investors grow increasingly worried the coronavirus may be spreading in the U.S. A slew of corporate and analyst warnings on the virus also dragged down the major averages. The Dow Jones Industrial Average was down 716 points, or 2.7%, after plummeting more than 900 points earlier in the session. The S&P 500 slid 2.3% while the Nasdaq Composite dropped 2.5%. The Dow was on pace for its worst weekly performance since the financial crisis, falling more than 8% this week, along with the S&P 500. —Imbert

Constellation Brands will continue a marketing push for its new Corona Hard Seltzer following backlash to a Twitter post that featured a video promising new Corona hard seltzer flavors are “coming ashore soon.” Constellation, whose portfolio includes Corona Extra, Modelo Especial and Svedka Vodka, said last month it planned to spend more than $40 million in marketing its four new seltzer flavors, which is already appearing on shelves. But in the meantime, concerns about the spread of the coronavirus have surged. —Graham

Northern Ireland authorities confirmed their first case of coronavirus, with the British region’s chief medical officer Michael McBride telling journalists that the patient had traveled from Italy via Dublin. The case is in addition to the 15 cases confirmed in the United Kingdom by England’s chief medical officer Chris Whitty earlier on Thursday. —Reuters

California Gov. Gavin Newsom said the state is currently monitoring 8,400 people for COVID-19, a day after health officials confirmed the first community transmission of the coronavirus in a Solano County resident. “This is a fluid situation right now and I want to emphaize the risk to the American public remains low,” said Dr. Sonia Y. Angell, California Department of Public Health Director and State Health Officer during a press conference. “There have been a limited number of confirmed cases to date.” —Lovelace

Source: https://www.cnbc.com/2020/02/27/coronavirus-latest-updates-outbreak.html

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