Imports help with the quarantines

What’s driving the market?

 Signs of further progress in Sino-American trade relations were being credited for positive sentiment early Thursday. A viral outbreak that reportedly originated in Wuhan City, China and has thus far claimed more than 560 lives, infecting more than 28,000, meanwhile, has been shoved in to the back burner in the minds of equity investors.

Coronavirus update: At least 500 deaths and Nike closes half of its stores in China
China said that beginning Feb. 14 it would cut in half tariffs on some $75 billion of U.S. imports, as part of its phase-one trade resolution with the U.S., according to China’s Ministry of Finance.

China is spending a lot of internal resources on the quarantine.