US stocks took back some of their gains on Friday afternoon as President Donald Trump announced a national emergency over the coronavirus outbreak.

Trump also urged states, as well as hospitals, to enact their emergency protocols.

Stocks briefly dropped more than 1% while Trump was speaking but remained in the green.

The S&P 500 was up 2.5%, while the Dow was up 2.9%, or 620 points.

The Nasdaq Composite was up 2.8%.

Source: CNN News

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