US equity markets fell sharply after President Trump late Friday (31 January) declared a US public health emergency in response to the coronavirus outbreak in China, ordering up to a 14-day quarantine for citizens returning from China’s Hubei province and denying entry to some foreigners. - Dow tumbled -603-points or -2.09% The broader S&P500 -1.77%, NASDAQ -1.59%. However, Amazon.com Inc jumped +7.4% after the company posted a quarterly profit and revenue that easily beat analyst expectations. Amazon Web Services, the company’s cloud business, saw stronger-than-expected revenues. Apple Inc (down -4.43%) announced over the weekend that it has closed its more than >40 its stores and corporate offices in China until 9 February. For the week, the Dow lost -2.53%, S&P500 -2.12% and Nasdaq -1.76%.
