Major U.S. stock indexes fell during midday trading over escalating concerns about the containment of a deadly virus that originated in China.
The S&P 500 and the Dow Jones Industrial Average dipped 1.3% each to 3,253.33 and 28,626.67, respectively, while the Nasdaq dropped 1.6% to 9,167.57.
Crude oil was down 2.7% to $52.75 a barrel.
The price of gold ticked up 0.4% to $1,578 an ounce.
The current yield on the 10-Year U.S. Treasury bond plunged 4.1% to 1.61%.
FINANCE
Opus Bank (Nasdaq: OPB) in Irvine rose 3.7% to $25.70 and a $933 million market cap. Opus, which has the second highest market cap of a bank based in Orange County, reported fourth quarter earnings of 51 cents per share, beating the Zacks Consensus Estimate of 37 cents per share.
HEALTHCARE
Newport Beach-based Evolus Inc.’s (Nasdaq: EOLS) rose 2% to $10.03 and a $337 million market cap after announcing positive results from a Korea-based Phase 3 head-to-head study comparing its product, Jeuveau, to Allergan’s Botox for the treatment of frown lines.
