Global markets fall, spooked by the Coronavirus

Global markets fall, spooked by the Coronavirus

Stocks fell sharply on Friday as investors grew increasingly worried about the potential economic impact of China’s fast-spreading coronavirus. The Dow dropped 603.41 points, or 2.1%. On Friday, the US declared the coronavirus a public health emergency within the country. Earlier, European stocks closed lower on Friday after the first two cases of the coronavirus were confirmed in the U.K.

KCooper
KCooper
Joo Radley
Joo Radley 3 months

there's never one single cause for spasms in the market---trump trial anxiety, Bernie's surge, Brexit-- all happening at once after a massive run-up in the indexes. Whatever storyline is promulgated by the media is the one wall street itself wants you to focus on. after a run up this large, profit taking is inevitable. big media firms make money peddling the headlines, and they provide buying opportunities for the powers for which they are spokesmen.

anthony
anthony 3 months

Until they develop a vaccine it's gonna be a roller coaster ride... damn there goes early retirement!

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