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Feb. 13, 2020, 4:39 p.m. EST

Stocks end lower as market retreats from records on renewed coronavirus fears

A new method of diagnosing COVID-19 cases brings total deaths from the outbreak to 1,369, while confirmed infections rose to 60,329

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By Mark DeCambre, MarketWatch , Andrea Riquier

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  • Shares of Bloom Energy Corp. /zigman2/quotes/209802424/composite BE -3.86%  ended 7.7% lower after the company announced late Wednesday that it would restate more than three years of financial statements due to miscalculations.

  • Tesla Inc . shares /zigman2/quotes/203558040/composite TSLA -1.08%  slid after the electric vehicle maker on Thursday said it is planning to offer about $2 billion of common stock in an underwritten deal, but closed nearly 5% higher.

  • Southwest Airlines Co . /zigman2/quotes/201071949/composite LUV -0.26% said Thursday it will extend the time Boeing Co .’s /zigman2/quotes/208579720/composite BA -0.55% 737 MAX planes are removed from flight schedules to Aug. 10 from June 6.

  • Shares of Revolution Medicines Inc. /zigman2/quotes/216320743/composite RVMD +4.60% roared 70% higher after its trading debut.

  • Chesapeake Energy Corp. /zigman2/quotes/201364537/composite CHK -2.59%   shares slid below the 50-cent mark Thursday for the first time in 26 years after an international energy agency cut its forecast for oil demand to the lowest level since 2011. Chesapeake shares have lost more than 80% over the past 12 months.

  • Shares of Ryder System Inc . /zigman2/quotes/208674852/composite R -0.11%   fell more than 10% after reporting a surprise Q4 loss and guiding lower.

  • . Wayfair Inc . /zigman2/quotes/201071690/composite W +1.96% stock slid more than 14% after the e-commerce home-design retailer said in a statement that it has cut about 3% of its global workforce.

  • Aurora Cannabis Inc . shares /zigman2/quotes/210559470/composite ACB -0.97% rose after the cannabis company posted a $981 million loss.

What did other markets do?

Oil prices erased early losses to settle higher. The price of a barrel of West Texas Intermediate crude for March delivery  rose 25 cents, or 0.5%, to $51.42 a barrel on the New York Mercantile Exchange.

In precious metals, gold for April delivery rose 0.5% to settle at $1,578.80 an ounce on Comex.

The U.S. dollar /zigman2/quotes/210598269/delayed DXY +0.64% was virtually unchanged relative to a basket of a half-dozen currency rivals.

U.S. government bond prices rallied, pushing yields lower, with the benchmark 10-year note rate /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y +3.65% down 1.3 basis points at 1.61%. Bond prices rise as yields fall.

In Europe, the Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP +0.34% shed less than 0.1% to end at 431.08. The FTSE 100 /zigman2/quotes/202614236/delayed FR:FTSE -0.05% finished 1.1% lower at 7,452.03.

In Asia overnight, the China CSI 300 /zigman2/quotes/210598128/delayed XX:000300 -1.15% fell 0.6%, the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.96%  declined 0.7%, and the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.60% closed 0.3% lower. Japan’s NIKKEI 225 Index /zigman2/quotes/210597971/delayed JP:NIK -0.39% slipped 0.1%.

—William Watts contributed to this report.

/zigman2/quotes/209802424/composite
US : U.S.: NYSE
$ 12.47
-0.50 -3.86%
Volume: 2.56M
Aug. 7, 2020 11:24a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.74 billion
Rev. per Employee
$486,902
loading...
/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 1,473.43
-16.15 -1.08%
Volume: 1.75M
Aug. 7, 2020 11:24a
P/E Ratio
770.56
Dividend Yield
N/A
Market Cap
$277.60 billion
Rev. per Employee
$439,627
loading...
/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 32.94
-0.09 -0.26%
Volume: 2.99M
Aug. 7, 2020 11:24a
P/E Ratio
81.95
Dividend Yield
0.00%
Market Cap
$19.48 billion
Rev. per Employee
$373,554
loading...
/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 171.26
-0.94 -0.55%
Volume: 8.92M
Aug. 7, 2020 11:24a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$97.20 billion
Rev. per Employee
$660,961
loading...
/zigman2/quotes/216320743/composite
US : U.S.: Nasdaq
$ 26.82
+1.18 +4.60%
Volume: 43,740
Aug. 7, 2020 11:22a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.69 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201364537/composite
US : US Composite
$ 6.59
-0.18 -2.59%
Volume: 38,901
Aug. 7, 2020 11:09a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$66.18 million
Rev. per Employee
$4.37M
loading...
/zigman2/quotes/208674852/composite
US : U.S.: NYSE
$ 35.99
-0.04 -0.11%
Volume: 196,705
Aug. 7, 2020 11:24a
P/E Ratio
N/A
Dividend Yield
6.20%
Market Cap
$1.94 billion
Rev. per Employee
$212,354
loading...
/zigman2/quotes/201071690/composite
US : U.S.: NYSE
$ 318.84
+6.14 +1.96%
Volume: 1.19M
Aug. 7, 2020 11:24a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$29.83 billion
Rev. per Employee
$559,153
loading...
/zigman2/quotes/210559470/composite
US : U.S.: NYSE
$ 10.21
-0.10 -0.97%
Volume: 745,895
Aug. 7, 2020 11:24a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.16 billion
Rev. per Employee
$94,401
loading...
/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
93.39
+0.60 +0.64%
Volume: 0.00
Aug. 7, 2020 11:14a
loading...
/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
0.56
+0.02 +3.65%
Volume: 0.00
Aug. 7, 2020 11:23a
loading...
/zigman2/quotes/210599654/delayed
XX : STOXX
363.72
+1.23 +0.34%
Volume: 0.00
Aug. 7, 2020 5:09p
loading...
/zigman2/quotes/202614236/delayed
FR : France: Euronext Paris
£ 550.80
-0.30 -0.05%
Volume: 147.00
Aug. 7, 2020 9:05a
loading...
/zigman2/quotes/210598128/delayed
XX : China Securities Index
4,707.93
-54.84 -1.15%
Volume: 21.35B
Aug. 7, 2020 3:00p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,354.04
-32.43 -0.96%
Volume: 40.39B
Aug. 7, 2020 3:01p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,531.62
-398.96 -1.60%
Volume: 1.61M
Aug. 7, 2020 4:08p
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
22,329.94
-88.21 -0.39%
Volume: 0.00
Aug. 7, 2020 3:15p
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Mark DeCambre is MarketWatch's markets editor. He is based in New York. Follow him on Twitter @mdecambre. Andrea Riquier reports on housing and banking from MarketWatch's New York newsroom. Follow her on Twitter @ARiquier.

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