Closing Bell Brief for Tuesday, February 11th
Wall Street Journal listeners. Come from all walks of life and business and no matter what type of business urine eighty P is here to help you achieve what you're working king for with. HR talent time benefits and payroll informed by data and designed for people learn more at design don ADP DOT com. Here's your closing bell brief for Tuesday February eleventh. I'm Charlie Whelan in the newsroom of the Wall Street Journal in New York. The Dow Jones industrials Israel's for virtually unchanged edging half a point lower to close at twenty. Nine thousand seventy six the broader s and P five hundred was up five and a half points and the Nasdaq. DOC was up. Ten and a half markets gave up much of their early gains as investors faced conflicting signals about the spread of the corona virus the Federal Reserve is closely monitoring the potential attention for global economic disruptions from the virus. That's according to Chairman Jerome Powell. He said the outbreak could lead to disruptions in China that spill over to the rest of the world economy shares of telecom giant sprint jumped nearly eighty percent after a takeover bid by T. mobile was approved by US District Judge t mobile shares. Rose nearly twelve wealth percents. We report that AIRBNB racked up three hundred twenty two million dollar net loss in the first nine months of last year as its costs grew sharply. The startup have reported a two hundred million dollar profit a year earlier. AIRBNB has said a plan to go public this year but an IPO is not expected before the third quarter. We have more details on today's market activity market analysis at wsj.com and the W._S._J. APP.