The World Health Organization declared the coronavirus a public health emergency Thursday, but stocks sharply pared losses as the WHO also expressed confidence in China’s ability to control it.
- The WHO said the Wuhan coronavirus a global public health emergency of international concern.
- The S&P 500, Dow and Nasdaq Composite fell on the initial report, but reversed and cut losses after the WHO backed China’s capacity to control it. The S&P which had been down about 0.7% in afternoon trading, was nearly flat.
