Wall Street eases from all-time highs

The main US stock indices opened lower on Thursday, weighed down by sharp losses in the technology sector and the lingering concerns over the coronavirus.

China revealed today that the coronavirus death toll rose to more than 1,360 victims, and infected about 60,000 cases.

Fed Chair, Jerome Powell, said before the US Senate yesterday that the Fed might use more quantitative easing, adding that the fiscal policy is as important as monetary policy in combating any upcoming recession.

Data showed today that the jobless claims in the US increased by 2,000 to 205K during the past week, while the CPI reading for January rose by 0.1%.

As for stocks, Dow Jones fell by 0.6% or 185 points to 29,360 as of 15:06 GMT, Nasdaq lost 0.5% or 51 points to 9,674, and S&P 500 lost 0.2% or 7 points to 3,372.