Fears of surge in coronavirus death toll weigh on S&P, Nasdaq [Reuters]
Microsoft Corporation (MSFT)
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Source: Reuters
Fears of surge in coronavirus death toll weigh on S&P, Nasdaq (Reuters) - The S&P 500 and Nasdaq indexes eased on Tuesday as scientists warned of an increase in U.S. coronavirus deaths if states lifted lockdowns too quickly, while healthcare stocks slumped after a sales warning from Merck. The drugmaker ( MRK.N ) fell 2.6% after saying it expected the outbreak to reduce 2020 sales by more than $2 billion as a big drop in doctors’ office visits take a hefty toll. The S&P 500 healthcare index .SPXHC shed 1.4%, falling for the first time in five days. Microsoft Corp ( MSFT.O ) and Amazon.com Inc ( AMZN.O ) shed nearly 2%, with investors booking profits heading into the biggest week for first-quarter earnings for tech-related firms. “As we go into earnings, people are getting nervous about all the concentration in the key (technology) stocks and they are probably taking a bit off the table,” said Thomas Hayes, managing member at Great Hill Capital LLC in New York. Wall Street has re
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