Coronavirus live updates: Dow whipsaws | Harvard orders students to vacate | Insurers waive co-pays

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. 

  • Global cases: More than 114,578, according to data compiled by Johns Hopkins University.
  • Global deaths: At least 4,028, according to data compiled by Johns Hopkins University.
  • U.S. cases: At least 755, according to data compiled by Johns Hopkins University.
  • U.S. deaths: At least 26, according to data compiled by Johns Hopkins University.

Stocks rolled over on Tuesday as investors fretted over the timing of potential fiscal stimulus to curb slower economic growth stemming from the coronavirus outbreak. 

The Dow Jones Industrial Average traded 250 points higher, or 1.2%. Earlier in the day, the 30-stock average was up 945 points. The S&P 500 was up 0.9% after jumping 3.7%. The Nasdaq Composite advanced as much as 3.8% before trading 1.2% higher. The major averages briefly turned negative earlier, with the Dow falling as much as 160 points. —Imbert

Private health insurance companies have agreed to cover coronavirus treatment and waive co-payment fees for coronavirus testing, U.S. Vice President Mike Pence said on Tuesday at a White House meeting with insurance company executives.

The companies have also agreed to cover telemedicine for patients to get care without having to leave home, Pence added. —Reuters 

The release of “Peter Rabbit 2: The Runaway” has been pushed to August, Sony Pictures said, citing concerns over how the coronavirus outbreak has disrupted the movie industry in Europe. The film will now be released on Aug. 7.

There have been major theatrical market disruptions in European territories and in Asia in recent weeks. On Monday the Italian government installed a nationwide quarantine, France and Slovakia have recently shuttered a number of cinemas and China’s theaters have been closed for several weeks.

MGM and Universal pushed the release date of the latest James Bond film, “No Time to Die,” to November last week in the wake of the COVID-19 outbreak. —Whitten

Greece will shut schools, universities, daycare centers, and other educational establishments on Wednesday for a two-week period to contain the spread of the coronavirus, the country’s health minister said on Tuesday.

“Now is the time for all Greeks to show personal responsibility. All schools will be closed for 14 days to help reduce the spread of the virus in the community,” Vassilis Kikilias told reporters.

Greece has so far reported 89 confirmed cases of the infection but no fatalities. —Reuters

Source: https://www.cnbc.com/2020/03/10/coronavirus-latest-updates-us-markets-set-to-pop-as-trump-eyes-stimulus.html

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