Markets eye Wuhan developments amid earnings, data releases

INVESTORS will need reassurances from the US Federal Reserve and technology companies this week to get them through the coronavirus scare.

US stocks fell last week after the spread of the viral illness in China, and developments this week could determine whether the coronavirus scare has a fleeting or lasting effect on the stock market.

As ever, Fed chairman Jerome Powell holds the stock market in the palm of his hand, and the statement from the central bank this week could either compound the virus fears or wipe them from investors' minds.