Dow drops 50 points, Morgan Stanley to buy E-Trade


Traders and financial professionals on the floor of the New York Stock Exchange on December 27, 2018.

Drew Angerer | Getty Images

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9:52 am: Gold hits 7-year high as investors pile into the safe haven trade

Gold rose 0.5% to $1,621.60 per ounce on Thursday, its highest level since Feb. 15, 2013. The metal is on pace for its sixth straight positive day, and eighth positive week in nine. As the coronavirus outbreak continues, investors fearing a slowdown in global growth are piling into so-called safe haven trades such as gold. —Francolla, Stevens

9:41 am: Virgin Galactic pops on heavy volume

Shares of Virgin Galactic rose as much as 5% as investors…


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