Markets pare losses at end of week of tumultuous trading

4:05 p.m. U.S. stocks staged a furious rally in the final hour of trading Friday that cut in half a rout that reached 4 per cent and left the S&P 500 higher after a tumultuous week dominated by fear the spreading coronavirus will upend global growth. Treasuries surged.

The S&P 500 slid 1.7 per cent Friday and ended the week up 0.6 per cent. Indexes were whipsawed over the past five days as the spreading virus shook investor confidence and spurred action from central banks and governments.

Treasuries fell to all-time lows, with the 10-year yield dropping as far as 0.66 per cent. The dollar slid for the sixth time in seven days. West Texas crude plunged 10 per cent, the biggest drop in more than five years.

3:20 p.m.

S&P/TSX — 16,045.50 -508.49(-3.07%)
S&P 500 2,918.20 -105.74(-3.50%)
DOW 25,373.71 -747.57(-2.86%)

WTI US$41.31  -10%

2:18 p.m. Canada can take multiple

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U.S., Japan women’s soccer teams keep focus on games as coronavirus fears swirl By Reuters

U.S., Japan women’s soccer teams keep focus on games as coronavirus fears swirl

By Amy Tennery

Harrison, NEW JERSEY (Reuters) – The U.S. and Japan women’s national soccer teams said on Saturday they were laser-focused on preparing for the upcoming Olympics, even as a global coronavirus outbreak threatens the postponement or cancellation of the Tokyo Games.

The two teams are expected to compete in the second of three double-headers in the SheBelieves Cup on Sunday in front of a sold-out crowd, with U.S. head coach Vlatko Andonovski telling reporters the mood among players was generally calm.

“We had a meeting with the medical staff and we’re keeping a close eye on everything that is going on around,” said Andonovski, who was named head coach of the reigning World Cup champions in October.

“I know that they do their job and they would not put the team in harm,” he said

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Stock Market Psychology: The ‘fear center’ in your brain is driving panic selling and buying

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