Stocks ENDED LITTLE CHANGED Thursday, snapping back from earlier losses.
Pulling the S&P and Nasdaq into positive territory: the World Health Organization's comment that it's a "bit too early" to declare the virus a global health emergency.
But news about the coronavirus outbreak spreading from China and mixed earnings results capped the gains.
The S&P and Nasdaq added more than a tenth percent.
But Newton Advisors technical analyst Mark Newton is bearish about the market's near-term prospects: SOUNDBITE: NEWTON ADVISORS TECHNICAL ANALYST MARK NEWTON (ENGLISH) SAYING: "I'm expecting in the next three to five days stocks actually can have the chance of peaking out so I'm not all that optimistic.
I think thing shave gone a little too bit too far too quickly." On Wall Street, shares of Dow component P&G declined.
The consumer products maker's quarterly sales fell short of analysts' expectations for the first time in five quarters.
The biggest drag on the blue chip index: Travelers.
The insurer's shares dropped even though profit rose and topped Wall Street's targets.
Netflix shares bounced back sharply.
Guggenheim raised its price target on the streaming video company.