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US – AGEM Index falls on coronavirus uncertainty

By - 10 March 2020

The AGEM Index decreased by 71.59 points in February 2020 to 468.91 points, a 13.2 per cent decline from January 2020.

The drop was driven by stock price declines for all 13 AGEM Index companies as markets around the globe reacted to the uncertainty surrounding the COVID-19 outbreak. The stock price for Aristocrat Leisure Limited dropped by 8.5 per cent, accounting for a 28.12-point decrease in the AGEM Index, while Crane Co. (CR) experienced a 20.5 percent stock price drop that led to an index contribution of negative 15.56 points.

All three major U.S. stock indices decreased as the Dow Jones Industrial Average and the S&P 500 experienced monthly declines of 10.1 percent and 8.4 per cent, respectively. The NASDAQ also experienced a drop of 6.4 percent.

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