Just two of the stocks that make up the S&P 500 were higher Thursday, as markets sold off again on fears about the coronavirus that causes COVID-19, as it continues to spread around the world. Cabot Oil & Gas Corp. (COG) was up 4% and Akamai Technologies Inc. was up 0.9%, with the rest of the market a sea of red after President Donald Trump announced a temporary ban on flights from most European countries. Cabot Oil & Gas has held up well through the current carnage in markets. Analysts at Tudor Pickering Holt kept their buy rating on Cabot shares earlier this week, their only buy-rated U.S. natural-gas producer. There's still "further room to run" for the shares, trading at about $16 but worth up to $24, they said. Raymond James said Thursday that Akamai could benefit from the uptick in people working from home, amid increased demand for over-the-top video service. The S&P 500 and the Dow Jones Industrial Average were both down more than 7%.
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
March 12, 2020 10:27 ET (14:27 GMT)
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