US equity markets ended last week on the back foot as concerns around the spread of the coronavirus rattled investor sentiment - Dow tumbled -454-points or -1.57%, extending its decline into a fifth straight session logging its worst single session decline since 2 October last year. The index also wiped out its gains for the calendar year. Caterpillar Inc, a bellwether for global growth, fell 3.3% The broader S&P500 also lost -1.57% to record its worst one day drop since 8 October, 2019. The technology-centric NASDAQ shed -1.89%, logging its worst daily fall since 23 August last year. Last Friday (24 January), the Dow fell -170-points or -0.58%. Boeing Co recovered from early falls to end +1.7 % higher after a report the aircraft maker may make further cuts to its 787 Dreamliner production. The broader S&P500 lost -0.90%. Airlines were under pressure, with United Airlines Holdings Inc losing -3.5% and American Airlines Group Inc -4% on concern the spread of the virus will limit demand for air travel and tourism NASDAQ -0.93%. Intel Corp jumped +8.13% after the chipmaker reported fourth-quarter earnings after the closing bell last Thursday (23 January) that beat expectations following an upswing in personal-computer shipments and robust demand for chips to power data centres. For the week, the Dow lost -1.22% and S&P500 -1.03%. The Nasdaq lost -0.79% to snap an six week winning streak.
